Farleigh Wada Witt is the premier credit law firm of the Pacific Northwest serving credit unions in every area of financial services. From the boardroom to the back office to the teller line, in courtrooms and state capitals, and from main street to the cloud – Farleigh Wada Witt knows credit union legal issues and how to solve them.
Farleigh Wada Witt brings decades of credit union industry expertise to help our credit union clients achieve success. Brian Witt and Hal Scoggins alone have more than 60 years of financial service experience.
Our firm represents the Northwest Credit Union Association and affiliates and over 250 credit unions and CUSOs in Alaska, Arizona, California, Colorado, Idaho, Oregon, Utah and Washington, and throughout the country.
Our expertise and focus in serving credit unions provides us with a depth of credit union specific knowledge and experience that is simply unmatched.
Important CARES Act Information During COVID-19
Farleigh Wada Witt has created a Promissory Note for credit unions that are taking applications under the CARES Act Paycheck Protection Payment Plan. The law firm has already worked with several credit unions to set up their PPP lending programs.
FWW has prepared a form of Promissory Note that credit unions may choose to use for the program. The note is being provided for a flat, $400 fee, and FWW will include any necessary updates within the same fee. The Small Business Administration has issued its borrower application and made its Lender Guaranty Application available online, but has not yet issued specific guidance on special terms or conditions in the Promissory Note, other than rate, maturity, and payment terms contained in the interim final regulation. Should the SBA make drastic changes, FWW may charge a small, additional fee.
To receive the note, email Hal Scoggins and copy Julie Burney at email@example.com.
Practical Advice, Resources and Solutions for Credit Union & CUSO Challenges
Areas of expertise include:
- Federal and state regulatory compliance
- Operations and product planning, policies and forms
- Vendor contract review and negotiation
- Commercial loan documentation
- Corporate governance
- Employment and executive compensation
- Mergers, examination and enforcement actions
- CUSO formation, products and services
- Commercial and consumer collections, foreclosures, bankruptcy/creditors’ rights