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 January 2019 - Tuesday, December 4, 2018

Register At:

https://sherpyjones.webex.com

ODP – Everything: This I categorize as a high risk item everyone must have fully addressed from a legal, compliance and risk management and mitigation point of view. A single miss here can cost you dearly. Thus, we will cover the ODP Rules from the beginning, the history of regulatory actions and litigation, the lessons I have learned from ODP Compliance assessments to ensure you have a full understanding of the issues. Then we will address the specific disclosure obligations, compliance expectations and risk mitigation tools you should consider. Date: January 9 // Time: 2-3:15 PM // Presenter: Todd Sherpy //  Session Number: 662 599 928 // Password if Requested: florence



Compliance Planning 2019: What are the issues you need to ensure the Credit Union has addressed going into 2019? What are the regulators looking at? What lessons can be gleaned from examinations in the last 6 months of 2018? What have the regulators told us they consider the top compliance issues to be in 2019? What is coming this year? What other concerns do we foresee – such as litigation? We will answer all of these questions and more; and provide practical insights that will allow you to manage compliance risk as we work through this new year.  Date: January 24 // Time: 2-3:15 PM // Presenter: Todd Sherpy // Session Number: 665 547 674 // Password if Requested: bolgheri