Credit Unions

Credit unions play an important role in the financial marketplace. Their non-profit model leads to unique challenges and opportunities. Woods Rogers has a team of attorneys who understand the needs of federally and state chartered credit unions, whether it's general regulatory compliance, FinTech opportunities, mergers & acquisitions, or employment concerns.

We provide experienced counsel in many areas of concern for credit unions.

Labor and Employment

Woods Rogers labor and employment attorneys help employers find solutions to workplace issues. For more than 10 years, Woods Rogers has operated a credit union human resources hotline for select state credit union leagues. We are also well-versed in federal contracting rules that apply to credit unions, as well as the issues human resources professionals encounter on a daily basis—from evaluating employee performance fairly and lawfully, to document retention policies, social media use guidelines, and more.

Regulatory Compliance & Compliance Training

As the pace of regulatory changes increases, it is important for credit unions to remain up to date and compliant. From fair lending to the Electronic Funds Transfer Act, Woods Rogers can assist credit unions with up-to-date compliance responsibilities. Our financial service attorneys operate a hotline for regulatory compliance questions for Virginia Credit Union League members. 

In addition, Woods Rogers CUNA Compliance certified attorneys create training programs for credit unions that include understanding the legislative and regulatory process, tracking proposed rule-making actions, and implementing final rules.

Member Business Loans

Whether creating new loans, perfecting collateral, or managing problem loan workouts, our attorneys are available for all stages of commercial lending. Our expertise in member business loans allows us to assist with large and small secured transactions. Our emphasis on representing financial institutions and our occasional representation of borrowers provides a unique breadth of perspective and knowledge.

Bankruptcy & Litigation

The Woods Rogers bankruptcy and creditors' rights group guides creditors through the complexities of bankruptcy, helping to achieve fair agreements under difficult circumstances. We can assist lenders in developing plans to avoid problems in the bankruptcy process because we strive to anticipate issues in advance. Our areas of service include asset protection, collections, foreclosures, liens, loan workouts, and recovery of property. In addition, should a need for a trial arise, our litigation attorneys have the depth, knowledge, and experience to bring the proper skills and expertise to legal proceedings.

Corporate Governance

For organizations large and small, including non-profits, successful business begins with sound governance. Woods Rogers assists managers and boards of directors with formulation of corporate policies and strategic goals, review of significant actions or transactions, and counsel on matters fundamental to the success of the entity, including evaluation of internal systems and controls and financial statements.

Cyber Security & Data Privacy

Woods Rogers advises companies large and small on privacy and cybersecurity issues. We assist companies in a variety of industries that have been impacted by data breaches. We believe in a proactive approach to counsel on cybersecurity—meaning it’s not a question of “if”, but “when”—and we offer regular training on the importance of establishing a Cyber Security Task Force that runs the scenario of a breach regularly. We know a cyberattack is not just a problem for an IT department; it can affect a company’s entire workforce and operations.