TOPIC: Credit Union

Political Fund Account

SVP at a credit_union ($463MUSA)
This is new to us, does anyone have a procedure or experience with accounts for the purpose of political fund raising? Should they be treated like a business/corporation, how do we define the legal entities for this account?

It seems like these would be a high risk account from a BSA standpoint, are you aware of any special practices?

As a credit union, are we prevented from opening these kinds of accounts?

Thank you for sharing your knowledge.

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