R. Todd Sherpy

R. Todd Sherpy

R. Todd Sherpy is a founding partner in the South Carolina law firm Sherpy & Jones, P.A. Todd is dedicated to serving all legal needs of Credit Unions and has attained a national reputation for his legal-auditing and compliance work. The firm provides compliance auditing, training and consulting services to Credit Unions throughout the United States. Todd dedicates a large portion of his time to teaching Credit Unions, having made presentations in 40 States and participating as an instructor through CUNA & Affiliates Regulatory Compliance, Collections and Credit Counseling, Marketing, Consumer Loan Officer and Economics and Investments Schools and Conferences.
 
Todd is the author of CUNA’s RegTrac Compliance Modules on Consumer, Real Estate Lending, and Member Business Lending; CUNA’s White Paper on Privacy; CUNA's Guide to Compliance with Revised Article Nine; CSG’s Volunteers Achievement Program on Directors’ Liability, and many other Credit Union resources.  Todd is also the editor of the periodical “Credit Union Legal News©.” Todd is general counsel to the South Carolina Credit Union League and consults with the Georgia and North Credit Union Leagues.

Todd brings a unique perspective to his practice having grown up in the Credit Union industry and being married to a Credit Union executive. The Credit Union philosophy and practical application issues are reflected in the team’s approach to legal matters and the products that are provided for Credit Union use.
 
In 2005 Todd developed CURES, L.L.C., (Credit Union Resources and Educational Services) to serve the compliance/regulatory needs of Credit Unions. CURES includes the "Compliance Community Plan" under which Credit Unions are offered audit and/or continuing compliance services at a significant saving through cooperative participation in a plan serving the common needs of many Credit Union. Under the Plan, Todd, the firm and CURES. L.L.C. has worked with approximately 400 Credit Unions in 23 States.  Under this plan, CURES provides participants with all electronic (cd-rom, diskette and e-mail) policies, procedures, notices, updates, explanations, internal training guides, as well as many forms, from collection and bankruptcy documentation to full member account services guides and forms. In addition to providing compliance resources to Credit Unions directly, his resources or parts thereof are available via The Forms Company and Minnesota Mutual.
 
After graduating with honors from the University of South Carolina School of Law, Todd worked for a United States Bankruptcy Trustee for three years. Todd is a member of the Credit Union Sub-committee of the American Bar Association and the Operations and Supervisory Committees of the Credit Union Sub-Committee.  Todd has two daughters and is married to Credit Union Executive Trisha P. Sherpy.


Site News

WebEx Sessions for May & June 2019 - Wednesday, May 15, 2019

Register At:

https://sherpyjones.webex.com


All Sessions 2 PM EST. 

May 17 // 2 PM EST

A Review and Update of UDAAP – where it is; how it is being used; and what you should be doing to dot I’s and cross T’s under this nebulous rule as to specific matters and generally to support overall risk management and compliance health. Presenter: Todd Sherpy. Time: 1 Hour.  Event Number: 669 991 899. Password – If Required: andrea

May 21 // 2 PM EST

Top Issues Per My Work with Credit Unions – In this session I will pull my most common or highest risk “items” from one on one work and share these gems so you may be better prepared to deal with issues your sister Credit Unions have already encountered.  Presenter: Todd Sherpy. Time: 1 Hour.  Event Number: 662 606 135. Password – If Required: barry

May 23 // 2 PM EST

POAs versus The “Statutory Agent” About 20 states have added the “Statutory Agent” as an option on accounts. We will discuss the basics to help you understand what this is; differences between it and a POA; legal obligations/exposures; and documentation. Presenter: Todd Sherpy. Time: 45 minutes.  Event Number: 660 420 508. Password – If Required: Chantal

June 6 // 2 PM

Auditing Your Website – Let’s update our general discussion of compliance issues for Credit Union Websites; discuss common mistakes; review the issues and concerns “behind the firewall;” together with sundry UDAAP and Trademark considerations. We will also discuss how many Credit Unions are “de-risking” there sites and the benefits of such actions. Presenter: Todd Sherpy. Time: 45 minutes.  Event Number: 667 389 615. Password – If Required: dorian

June 26 // 2 PM

Mid-Year Regulatory Update – What’s Passed? What’s Pending? What is the action plan? What resources do you need to be allocating to address new or revised statutory or regulatory changes (and/or how can you avail yourself of any benefits?) We will assess Federal Credit Union, CFPB, FRB and other items, the timeline for action and provide tips to ensue you have applicable issues covered. Presenter: Todd Sherpy. Time: 45 minutes.  Event Number: 663 760 298. Password – If Required: erin