Reminder - Use of NCUA Signage Posted by Association of Vermont Credit Unions on 11:58 AM

Each federally insured credit union, which is every one in Vermont, must continuously display the official sign described below at each station or window where insured account funds or deposits are normally received in its principal place of business and in all its branches, beginning 30 days after its first day of operation as an insured credit union.

Each insured credit union must also display the official sign on its website, if any, where it accepts deposits or open accounts, but it may vary the font sizes to ensure its legibility.

An insured credit union may purchase signs from commercial suppliers or develop its own in any color scheme, so long as they are legible and otherwise comply with Part 740 of the NCUA Rules and Regulations.

A credit union may alter the font size of the official sign to make it legible on its website and on documents it provides to its members, including advertisements in other portions of the advertisement, but may not do so on signs to be placed at each station or window where the credit union normally receives insured funds or deposits in its principal place of business and all of its branches.

The terms ‘‘branch,’’ ‘‘station,’’ ‘‘teller station,’’ and ‘‘window’’ do not include automated teller machines or point of sale terminals.

Any federally insured credit union that fails to comply with Section 205(a) of the Federal Credit Union Act regarding the official sign, or any requirement in NCUA’s Rules & Regulations, Section 740, is subject to a penalty of up to $100 per day.

The official advertising statement must be in a size and print that is clearly legible, and it may be no smaller than the smallest font size used and intended to convey information to the consumer.

Need more NCUA signage information or other compliance information?  The Association of Vermont Credit Unions provides Compliance InfoSight as a first stop when searching for compliance answers. InfoSight is an online compliance manual containing federal and state-specific content that is accurate, concise, and detailed on a wide range of topics and issues. Subscribers can access easy-to-read compliance summaries, checklists for compliance, direct links to laws and regulations, frequently asked questions, and links to additional important resources, including CUNA's online compliance resource "E-Guide."  As part of InfoSight, the Association also provides a weekly eNewsletter highlighting regulatory changes, hot topics in compliance, and comment calls.

Visit AVCU's Compliance InfoSight with your login credentials, or send email to find out how to get access.