WASHINGTON – NAFCU Services Corporation(NSC), has selected Bankers Systems Inc as its preferred partner for USA PATRIOT Act solutions. Effective October 1, 2003, it is mandatory that credit unions prepare their staff and infrastructure to be in compliance with Section 326 of USA PATRIOT Act rules and regulations. "Now that Section 326 has been finalized it's important for credit unions nationwide to begin complying with the new regulations," said NSC President/CEO Keith Nolan. " Not only is it required, but it can significantly reduce the impact of fraud loss on their bottom line." NSC is a wholly owned subsidiary of NAFCU.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.