Who We Are: We are a multi-faceted Credit Union firm serving and consulting with Credit Unions across the US for the last 30-years. Our success comes in part from knowing Credit Unions better than other providers. Through our programs we share the risk; and do not sit on the sidelines and merely cheer you on.


Compliance Counsel: We developed an outsourced compliance adviser/counsel option to provide counsel to Credit Unions on a day-to-day basis where the services are not based on an hourly fee; and access is unlimited. Since we work on a community concept of participating Credit Unions the risk is spread; and there is never the disincentive of hourly fees for calling/posing/submitting any covered matter. In most cases we are simply the alternative to in-house counsel.

CUPP: We developed “Credit Union Policies and Procedures” (the “CUPP system” Email us for the 26-page table of Contents to Assess the scope of these resources) to provide a pooled system for compliance resources where Credit Unions share the costs of participation. Through these resources we keep Credit Unions up to date on all federal laws, Regs and other government requirements.

Bankruptcy; Collections and Foreclosure: Bankruptcy, Collections and Foreclosure.  The litigation practice group of the firm is experienced in handling all aspects of the bankruptcy, collections and foreclosure processes.  In bankruptcy cases, we are available to object to plans, file proofs of claims, obtain reaffirmation agreements, dispute lien avoidance motions, attend meeting of creditors, and handle adversary proceedings.  Collections representation primarily involves claim and delivery (or replevin) matters, judgments on deficiency balances, overdrawn accounts and unpaid notes, and includes repayment settlements and Confessions of Judgments.  The foreclosure practice includes deeds in lieu, short sale negotiations, and Writs of Ejectment post-sale. 

Our staff has been on the staff of CMG, CUNA, ACUIA and other trade groups (including over 40 Leagues) over these 28-years; and have evolved a web-based series of training that covers Credit Unions’ required legal/compliance training as well as many hands-on practical areas based on our day-to-day interactions. See other content on this site for details.

Audit: We provide a range of compliance / legal audit options to help Credit Unions assess where they have weakness; and then direct the Credit Union on corrective action to put our Credit Unions into the best defensive position. Unlike competitors, our assessments are conducted by and under the direct supervision of lawyers; meet and exceed regulatory guidelines; and do so at a cost that is far less than what others charge.



2015 Webinars - Wednesday, January 28, 2015


February & March Webinars: (See Community Notices for January – June 2015 Schedule)

To Register:


Available Now On Request:  Five Sessions Volunteers Duties and Legal Compliance Matters Every Volunteer Needs to Know and Understand -- 1 - hour; Bank Secrecy Act for Volunteers -- 30 Minutes; BSA for Non-BSA Officer Staff -- 1-hour; and BSA for Lending Staff -- 30-minutes; Financial Literacy and  12 CFR 701.4 of the NCUA Rules for Volunteers – 1-hour.


February 5: 2015 Regulatory Hot Topics – NCUA, CFPB and Other Regulators as Applicable.  What you need to be addressing / planning for this 2015.    Presenter: Todd Sherpy

February 10:
Part II – Truth In Lending / Reg Z Series. General Rules under Subparts B & C: Basic Credit Union Obligations, Disclosures and Contracts. P
resenter: Todd Sherpy

February 11:
MLO Certification Session I (Four Sessions to be held 2015). This is a Certification Session for MLOs under 12 CFR 1036. Completion of the Course will achieve Sherpy & Jones Certification of meeting legal / compliance requirements. P
resenter: Todd Sherpy

February 27: Collections Hot Topics 2015 -- Discussion of hot issues, common errors and liability prevention issues commonly facing credit unions. Presenter: Christy Jones.



March 3: Regulatory / Legal Matters EVERY Credit Union Employee Should Know. Nip problems in the bud. Keep issues from becoming problems. Document the proof. Presenter: Todd Sherpy

March 11: Enterprise Risk Management. Obligations? Requirements? Good Ideas? Legal / Compliance Truths; What is on the Horizon; Examination Expectations; and Liability Protection Considerations. Presenter: Todd Sherpy 

March 12: Records Retention -- Compliance and Evidence. Understanding legal obligations and options; problems; and what every Credit Union needs to have in place in this area. Presenter: Suzanne Vesper

March 18: Benefit Accounts. Assessing the unique characteristics of accounts opened for special purposes (usually death, medical or educational purposes). Presenter: Todd Sherpy

March 19: Part III -- Truth in Lending / Regulation Z Series. HELOCs -- Breaking down the rules and requirements for HELOCs and common Credit Union omissions. Assessing Dodd-Frank Changes. Presenter: Todd Sherpy

March 24: NCUA Regulatory Alerts. Assessing recent RAs and actions Credit Unions should have covered as well as important past RAs to keep in mind.  Presenter: Todd Sherpy

March 25: Regulatory Error Resolution. Addressing Obligations under E & Z; FAQs; Common Errors; and VISA/MasterCard Variances.  Presenter: Todd Sherpy

March 31: What's in a Word (or Phrase)?. Whether in an Advertisement, policy, form or contract there are certain words or phrases that should be avoided. We will talk about them and practical ways to avoid exposure or liability associated with their use.  Presenter: Todd Sherpy