In September 2024, California Governor Gavin Newsom signed Assembly Bill 2062 into law, sponsored by the California Credit Union League. AB 2062 updates California Credit Union Law with various changes, including provisions related to membership applications, governance structures, the sale of credit union assets, and virtual member meetings.
For further details, please refer to the League’s Compliance Bulletin.
Please share this with your CEO, COO, risk officers, security officers, compliance officers, branch managers, and operations managers.
Your League-member benefits include the Compliance Hotline — providing exclusive access to dedicated compliance experts:
Using the above phone number and email address, you can gain access to a knowledgeable team that’s ready to address all your credit union’s compliance inquiries — promptly and efficiently. With the Compliance Hotline, you can proactively respond to impromptu questions and issues by getting clarity and insight on technical topics that normally slow you down. We want to help you unlock the full potential of your League membership by leveraging the resources and support you need to navigate the complex world of compliance effortlessly. We’re ALWAYS just a phone call or email away!
Additionally, other League-member compliance resources include:
For more information, email Lisa Quaranta.
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