We're happy you chose to take advantage of our FREE One-Time Consultation Regarding Any Of Your Current Compliance Concerns.
We hope you will take advantage of this offer. It is an easy way for you to get your questions answered, as well as get to know Oak Tree.
The process is simple.
Your appointment will be set-up within 7 days from your initial call and based on your availability and urgency of your question.
After your initial conversation with Rod and depending on the nature of the question, we'll determine how long it will take Oak Tree to respond and set-up a follow-up appointment.
Most likely we can answer the question on the call, but from time-to-time we may wish to use our extensive resources to answer your compliance question.
We look forward to hearing from you.
If this is your first time working with Oak Tree, we’re confident you’ll find us easy to work with, responsive and dedicated to being the best forms provider. After all, Oak Tree has been in the credit union business continuously for over 30 years, developing, supporting and maintaining lending and operational documents for credit unions lending in all 50 states, Canada, Puerto Rico and the Virgin Islands.
Our business model has always been simple:
Produce nothing but the highest quality customized forms for credit unions that:
•Meet the expectations of each credit union's members and staff
•Work on each credit union's Data Processing system and within their policies
•Comply with both state and federal regulations
If you're a returning customer, welcome back!
Did you know?
AVAILABILITY OF FUNDS AND COLLECTION OF CHECKS
(Regulation CC - Proposed Final Rule)
The Board of Governors of the Federal Reserve System recently finalized rule changes to Regulation CC, such that effective July 1, 2020 the threshold for: (i) next-day availability for other checks will increase from $200.00 to $225.00; (ii) availability for “Exception Holds” (e.g. new accounts, large deposits, repeated overdrafts, etc.) will increase from $5,000.00 to $5,525.00; and (iii) the minimum amount that must be allowed to be withdrawn in the form of cash will increase from $400.00 to $450.00. In addition to the changes to the availability of deposits, the rule will also increase the upper limit of a financial institution’s civil liability, such that in the case of an individual action the maximum permissible civil liability will be increased from $1,000.00 to $1,100.00 and the total recovery in any class action (or series of class actions arising out of the same failure of the financial institution) will be increased from $500,000.00 to $552,500.00. How does this affect your credit union? What will you need to do in order to be ready? Oak Tree Business Systems has the answer to your compliance needs.