On April 29, 2010, Credit Union employees representing the Tampa Chapter of Credit Unions were provided an opportunity to attend a two hour training seminar which targeted the Red Flags rules and guidelines. The training seminar was presented by William G. Berg, VP of Regulatory Affairs with the League of Southeastern Credit Unions.
GTE Federal Credit Union hosted the seminar serving a total of 44 attendees, representing 11 local Credit Unions. Mr. Berg demonstrated the Credit Union philosophy of “People Helping People” by ensuring that each Credit Union in attendance was given the necessary steps to ensure Red Flag compliance. The steps included how to implement responsibilities, monitor report activity, develop prevention methods and address suspicious activity thus minimizing risk. In addition, the audience shared best practices and collaborated on how to remain compliant at all times. Feedback from the credit unions confirmed this topic was timely and well-received.
