Credit Union Acronyms
Acronyms can be confusing, especially if you’re new to CUs (that’s credit unions). Below is a helpful list of many of the acronyms used by our financial institution.
ACHAutomated Clearing House
ALMAsset Liability Management
APRAnnual Percentage Rate
APYAnnual Percentage Yield
APYEAnnual Percentage Yield Earned
ARMAdjustable Rate Mortgage
ATMAutomatic Teller Machine
BSABank Secrecy Act
CAMELCapital Adequacy, Asset Quality, Earnings, Asset/Liability Management
CCCSConsumer Credit Counseling Service
CCUECertified Credit Union Executive
CDCertificate of Deposit
CFOChief Financial Officer
CPACertified Public Accountant
CPICollateral Protection Insurance, Consumer Price Index
CTRCurrency Transaction Report
CUCredit Union
CUESCredit Union Executives Society
CUMISCredit Union Mutual Insurance Society
CUNACredit Union National Association
CUSOCredit Union Service Organization
DRDisaster Recovery
EBPElectronic Bill Payment
ECOAEqual Credit Opportunity Act
EFTElectronic Funds Transfer
EINEmployer Identification Number
FBIFederal Bureau of Investigation
FCCFederal Communication Commission
FCRAFair Credit Reporting Act
FCUFederal Credit Union
FDICFederal Deposit Insurance Corporation
FFIECFederal Financial Institutions Examination Council
FHAFederal Housing Administration
FHLMCFederal Home Loan Mortgage Corporation (Freddie Mac)
FinCENFinancial Crimes Enforcement Network
FMLAFamily Medical Leave Act
FNMAFederal National Mortgage Association (Fannie Mae)
FRBFederal Reserve Bank
FTCFederal Trade Commission
FYFiscal Year
GAPGuaranteed Asset Protection
GFEGood Faith Estimate
HELOCHome Equity Line of Credit
HMDAHome Mortgage Disclosure Act
IRAIndividual Retirement Account
LANLocal Area Network
LLCLimited Liability Company
LLPLimited Liability Partnership
LOCLine of Credit
LTVLoan to Value
MBPMechanical Breakdown Protection
MICRMagnetic Ink Character Recognition
MMAMoney Market Account
MSRMember Service Representative
MSRPManufacturer’s Suggested Retail Price
NACHANational Automated Clearing House Association
NADANational Automobile Dealers Association
NAFCUNational Association of Federal Credit Unions
NCUSIFNational Credit Union Share Insurance Fund
NCUANational Credit Union Administration
NSFNon-Sufficient Funds
OCCOffice of the Comptroller of the Currency
OFACOffice of Foreign Asset Control
PFIPrimary Financial Institution
PMIPrivate Mortgage Insurance
POSPoint of Sale
RESPAReal Estate Settlement Procedures Act
RFPARight to Financial Privacy Act of 1978
ROAReturn on Assets
ROAAReturn on Average Assets
ROEReturn on Equity
ROIReturn on Investment
SARSuspicious Activity Report
SEGSelect Employee Group
SSASocial Security Administration
SCRAServicemembers’ Civil Relief Act
SSISupplemental Security Income
SSNSocial Security Number
TILATruth in Lending Act
TINTaxpayer Identification Number
TISATruth in Savings Act
UCCUniform Commercial Code
VAVeteran’s Administration
YTDYear to Date