Which of the following is a responsibility of a credit union regarding 314(a) requests?

In the context of 314(a) requests under the USA PATRIOT Act, a credit union's responsibility primarily focuses on reporting any positive matches found in response to a request from law enforcement. When the Financial Crimes Enforcement Network (FinCEN) issues a 314(a) request, it is essentially asking financial institutions to provide information about individuals or entities that may be involved in money laundering or other financial crimes.

When the credit union identifies a match to the request, it is required to report that information immediately. This is crucial for assisting law enforcement in their investigations. The timely reporting of positive matches helps ensure that suspicious financial activities are addressed promptly, which enhances the overall effectiveness of the financial system in combating financial crimes.

In contrast, responsibilities such as determining the validity of the request, seeking approval from members, or dismissing potential matches do not align with the obligations of the credit union regarding 314(a) requests. These responsibilities would instead impede the swift collaboration that is intended between financial institutions and law enforcement, which is vital for national security and crime prevention efforts.