Program, Report of Crime and Catastrophic Act and Bank Secrecy Act Compliance: Federal Insurance Requirements

PURPOSE: This rule is to serve as a reminder of the requirement for all federallyinsured credit unions regarding the areas noted in the title of this rule. (1) As a result of being federally insured, all Missouri state-chartered credit unions are required to follow the requirements in Part 748 of the National Credit Union Administration’s Rules and Regulations which cover a credit union’s security program, report of crimes and catastrophic acts and Bank Secrecy Act compliance. (2) Part 741 of the National Credit Union Administration’s Rules and Regulations details the federal rules and regulations that also apply to all state-chartered, federallyinsured credit unions. PROFESSIONAL REGISTRATION AUTHORITY: section 370.362, RSMo 2000.* Original rule filed April 29, 2008, effective Nov. 30, 2008. *Original authority: 370.362, RSMo 1991.