Credit unions are subject to many of the same regulations as other financial institutions, but since they operate differently from traditional banks, they sometimes have specific regulatory compliance to maintain. Regulations will vary based on the jurisdiction a credit union is in, but all have the goal of ensuring compliance and consumer protection.Speak with a Compliance Officer Today
Many credit unions use a compliance management system (CMS) to maintain compliance and manage risk. A comprehensive CMS addresses compliance responsibilities through aspects such as:
Developing, implementing and managing a credit union compliance management system can be time-consuming and costly, which is where a credit union service organization (CUSO) comes in. A CUSO is an organization owned by credit unions that serves credit unions. CUSO compliance officers provide financial services or operational services to help credit unions save money on operating costs and generate additional net income.Contact Our CUSO!
Working with a CUSO can bring benefits such as:
At Comply-YES!, we understand the intricacies of regulatory credit union compliance. When you work with us for your compliance requirements, you can enjoy services catered to your compliance needs, including:
Our services are also flexible to your situation. Whether you need help with a one-time project or a bundle of services for ongoing needs, you will find our expertise and capabilities are adaptable.View Our Compliance Services
The never-ending world of compliance is always changing, but we are here to help you navigate it. Comply-YES! can enhance your compliance program and cost-efficiently strengthen its effectiveness. We have the outsourced compliance services and professionals you need to take a vacation from all your compliance worries. Contact us today to strengthen your credit union compliance management system today!