Bruce O. Jolly, Jr.
Bruce Jolly, Partner, Reed & Jolly, PLLC, has represented credit unions since 1978
when he joined the staff of the Credit Union National Association where he became Washington Counsel. He has been
involved in significant credit union legislation since that time, including testifying before various committees of Congress
on issues ranging from taxation to field of membership. In 1998, he was the Senate Banking Commitee's expert witness
on the field of membership issue as HR 1151 progressed to enactment.
Since leaving CUNA, Mr. Jolly has been involved in credit union representation on matters ranging
from new product development to the Nationwide FCU sale in which members received an unprecedented $79 million for their ownership
interests in the credit union. His practice includes advice on regulatory compliance, mergers, new charters, enforcement
actions and strategic planning in the ever changing world of credit union regulation. Long familiar with the requirements
of the Bank Secrecy Act and obligations under the rules of the Office of Foreign Asset Control, Mr. Jolly provided support
for credit union efforts throughout the United States in preparing and implementing the USA PATRIOT Act's "Know Your
Customer" rules when they became effective after September 11, 2001.
Mr. Jolly graduated from the University of North Carolina
with a degree in Journalism and from its law school with his Juris Doctorate. He is a member of the American Bar
Association as well as the state bars of Virginia, North Carolina, Maryland and the District of Columbia.
David A. Reed
Attorney, author, consultant and nationally recognized speaker, David
A. Reed is a partner in the law firm of Reed and Jolly, PLLC and founder of CUDoctor, a full service credit union consulting
practice. Through Reed & Jolly, Mr. Reed provides guidance to credit unions concerning a variety of matters including
the establishment and revision of credit union policies and procedures, organizational compliance, collections, security,
contractual agreements, regulatory matters and corporate governance. His engaging speaking style has garnered him status
as a regular lecturer nationwide on topics such as regulatory compliance, consumer lending, bankruptcy and collections.
And, he offers facilitation services and a full range of on-site training programs that can be delivered to the Board, executive
team, managers or frontline staff.
A former trial attorney and Vice President and General Counsel of
a large credit union, Mr. Reed is particularly noted as an expert in the areas of credit union operations, bankruptcy and
collections. He has been selected to train NCUA Field Examination and Audit Staff on numerous issues including ID Theft
Red Flags, S.A.F.E. Act, Third Party Contract Management and Bankruptcy matters. He also serves as editor of several
industry manuals including Practical Guide to Bankruptcy: Protecting the Bank Against Bankruptcy-Related
Losses; Collections Manual for Credit Unions; Debt Collection Manual: Regulations, Law and Best Practices; and Bankruptcy
Guide for Credit Unions.
Mr. Reed received his undergraduate degree from Virginia Tech in
1986 and his Juris Doctorate from George Mason University School of Law in 1989. He is a Certified Compliance Officer.
He resides in Fairfax, Virginia with his wife Diane and their twin daughters.