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Glossary
Commonly Used Acronyms
Acronyms of organizations within the industry:
AACUC
- African American Credit Union Coalition
AACUL
- American Association of Credit Union Leagues
CMG
- CUNA Mutual Group
CUER
- Credit Union Employment Resources
CSSI
- CUNA Strategic Services, Inc.
CUES
- Credit Union Executive Society
CUNA
- Credit Union National Association
CURI
- Credit Union Resources, Inc.
FFIEC
- Federal Financial Institutions Examination Council
FHA
- Federal Housing Administration
FRB
- Federal Reserve Bank
FTC
- Federal Trade Commission
HCCUA
- Healthcare Credit Union Association
MSC
- Member Service Centers
NEFE
- National Endowment for Financial Education
NCBA
- National Cooperative Business Association
NCUA
- National Credit Union Administration
NCUF
- National Credit Union Foundation
SCFCU
- Southwest Corporate FCU
SCMS
- Southwest CUNA Management School
SWACHA
- Southwest Automated Clearing House Association
TCUD
- Texas Credit Union Department
TCUF
- Texas Credit Union Foundation
TCUL
- Texas Credit Union League
TCUL PAC
- Texas Credit Union League Political Action Committee
The Federation
- National Federation of Community Development Credit Union
TNB
- Town North Bank
WOCCU
- World Council of Credit Unions
Other commonly used acronyms:
ACH- Automated Clearing House
ALM - Asset Liability Management
APR - Annual Percentage Rate
APY - Annual Percentage Yield
APYE - Annual Percentage Yield Earned
ARM - Adjustable Rate Mortgage
ATM - Automatic Teller Machine
BSA - Bank Secrecy Act
CAMEL - Capital Adequacy, Asset Quality, Earnings, Asset/Liability Management
CCUE - Certified Credit Union Executive
CD - Certificate of Deposit
CEO - Chief Executive Officer
CFO - Chief Financial Officer
COO - Chief Operating Officer
CFSP - Certified Financial Services Professional
CPA - Certified Public Accountant
CU - Credit Union
CUDE - Credit Union Development Educator
CULAC - Credit Union Legislative Action Council
CUSO - Credit Union Service Organization
EBP - Electronic Bill Payment
EFT - Electronic Funds Transfer
EIN - Employer Identification Number
FCRA - Fair Credit Reporting Act
FCU - Federal Credit Union
FinCEN - Financial Crimes Enforcement Network
FMLA - Family Medical Leave Act
FY - Fiscal Year
GAP - Guaranteed Asset Protection
GFE - Good Faith Estimate
HELOC - Home Equity Line of Credit
HMDA - Home Mortgage Disclosure Act
IRA - Individual Retirement Account
LLC - Limited Liability Company
LLP - Limited Liability Partnership
LOC - Line of Credit
LTV - Loan to Value
MERIT - Management Enrichment Training Program
MMA - Money Market Account
MSR - Member Service Representative
MSRP - Manufacturer’s Suggested Retail Price
NADA - National Automobile Dealers Association
NCUSIF - National Credit Union Share Insurance Fund
NSF - Non-Sufficient Funds
OCC - Office of the Comptroller of the Currency
OFAC - Office of Foreign Asset Control
PFI - Primary Financial Institution
PMI - Private Mortgage Insurance
POS - Point of Sale
RESPA - Real Estate Settlement Procedures Act
RFPA - Right to Financial Privacy Act of 1978
ROA - Return on Assets
ROAA - Return on Average Assets
ROE - Return on Equity
ROI - Return on Investment
SAR - Suspicious Activity Report
SEG - Select Employee Group
SSN - Social Security Number
STAR - Staff Training & Recognition
TILA - Truth in Lending Act
TIN - Taxpayer Identification Number
TISA - Truth in Savings Act
VAP - Volunteer Achievement Program
VLP - Volunteer Leadership Program
YTD - Year to Date