About Us

Our Mission

Your Compliance Solution Experts

The authority on credit union compliance, Comply-YES! is a CUSO providing credit unions with a vacation from their compliance worries through customized and cost-effective compliance outsourcing and audit services. Whether your credit union has an open compliance position, needs additional compliance help, or compliance related audits, Comply-YES! performs the work so your credit union can focus on what matters most: Serving your members.


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Who Is Comply-YES?

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Chief Executive Officer

Karl Borgquist

Karl served as the Chief Compliance Officer & General Counsel for the State of Michigan Retirement System, which provided him years of experience in overseeing the compliance, legal, and accounting functions of a large institutional investor. In addition, Karl has extensive knowledge in risk related compliance matters pursuant to state and federal laws and regulations, and is an expert in designing, implementing, and maintaining internal policies and procedures as well as structuring and negotiating investment fund transactions.


Prior to his tenure at State of Michigan, Karl served as a VP Assistant General Counsel for Finance & Investments with QBE North America, a global insurance company headquartered in Sydney, Australia where he provided legal guidance to the North American Finance and Treasury Department. Karl also served as an Assistant Attorney General in the Finance Division of the Michigan Department of Attorney General. Karl has an MBA from the Eli Broad College of Business at MSU, LLM in Corporate Law & Finance from Cooley Law School, JD from the Cleveland Marshall College of Law, and a BS from Oakland University.

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Chief Operating Officer

Melissa Osborn


Melissa entered the credit union world in 2011 when she started in the Government Affairs department of the Michigan Credit Union League. After a few years Melissa moved into the Regulatory and Legislative Affairs Specialist position which she held for 5 years at the league prior to joining Comply-Yes!. While at the Michigan Credit Union League Melissa acquired extensive credit union related experience. Melissa gained valuable skills in Political Affairs and lobbying on behalf of the league before moving into regulatory affairs where she helped Michigan Credit Unions with regulatory advocacy and answering their compliance questions. Melissa developed a domestic violence recovery loan program which was published by Filene and had the privilege of training the World Council of Credit Unions’ staff and Ukrainian credit union trade associations on gender discrimination in lending, and Ukrainian regulators on the U.S. Regulatory System.


Before her time at the Michigan Credit Union League Melissa worked in Communications at the Michigan House of Representatives and in 2007 and earned her Bachelor of Science degree in Interdisciplinary Studies in Social Science from Michigan State University.

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Compliance Ally

Sara Cottle


Sara began her career in the credit union industry in 1999 as a teller. Throughout her 17 years of service, in a small asset sized credit union, she served in a wide variety of roles. Sara is a 2015 graduate of Lake Superior State University with an Associate Degree in Business Administration. She received a Certified Credit Union Executive designation from CUNA in 2010 and later a Credit Union Compliance Expert certification. She served as Legislative Affairs Representative for the U.P. Chapter of Michigan Credit unions, which provided her the opportunity to travel and talk with lawmakers and promote the awareness of small, rural credit unions, and the members they serve. In 2018, Sara was hired at a community bank in Sault Ste. Marie where she served as the Compliance Officer, BSA/AML Officer, Vendor Management Officer, CRA Officer, and Marketing Manager. While in this role, she also obtained her certifications in Banking BSA/AML and Banking Compliance management.

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Director of Sales & Marketing

Jessica Thelen

Jessica is an expert in building credit union programs and expanding their footprint nationally. With more then a decade of successful experience in the credit union industry, she provides credit unions with product support that helps their members thrive. Before joining Comply-YES!, Jessica was a Call Center Representative and Assistant Branch Manager at her local credit union and worked at the Michigan Credit Union League. She served on the Clinton County Chapter of Credit Unions and was a Political Action Committee supporter. Her work with the Save to Win Program earned the League the CUNA National Best Product Award in 2012 and was featured in several national trade publications. In 2015, she was a keynote speaker discussing the impact of Prize Linked Savings Programs at the New York Credit Union Association Conference.


Jessica has a Bachelor of Business Administration in Finance with a minor in sociology from Baruch University in New York. She also earned an Associates Degree from Lansing Community College in Michigan. Jessica volunteers as the Treasurer and Event Planner of her Homeowners Association and is currently working towards her Project Management Professional (PMP) certification.

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Information System Specialist

George King


George has nearly a decade of comprehensive IT experience in the credit union industry. He began working as an IT assistant and evolved into the role of IT manager, where he oversaw technology and security for five branches. George has extensive knowledge in IDS/IPS, endpoint security, network and server management, and business continuity planning. His passion for crafting effective IT policies and procedures, with a focus on ensuring robust network security protocols has helped organizations minimize their fraud risk and security breaches.


In his recent transition to Comply-YES, George looks forward to utilizing his skill set of systems administration and cybersecurity strategies to enhance credit union compliance IT policies. His dedication to fortifying security postures and increasing technological resilience will contribute to the enhancement of credit unions overall compliance management system.

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Compliance Ally

Anthony J. Perry

Anthony brings to the team a decade of diverse experience and expertise of laws and regulations across banking and the financial services sectors. His past work experience with Citizens Bank and Republic Bank & Trust Co. allowed him to gain extensive knowledge in mortgage lending, loan processing, quality control, and compliance consulting. Anthony has also worked with companies to develop and implement pay equity, fair employment, and affirmative action plans.


Anthony earned his Associate of Art Degree in History from Sinclair Community College and his Bachelor of Science Degree from the University of Louisville. Additionally, he holds a Google Cybersecurity Certificate and is currently pursuing a Cannabis Compliance and Risk Management Certificate from Bellarmine University. Anthony’s dedication for fair lending laws and regulations extends beyond his career. In 2023, he was featured as a Person to Know by Louisville Business First for his LGBTQ+ activism and advocacy and received the Young Professional Association of Louisville (YPAL) Award for his community engagement and service.

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