Last week, our audit whitepaper titled, Think You Know Audits? hit the wires. Based on the overwhelming response and number of downloads, we knew we hit on a hot topic in the compliance world. New compliance rating guidance from the FFIEC, NCUA supervisory priorities, and overall examiner AND member expectations all make a case for the need to get a pulse on your credit union’s compliance health.
Compliance monitoring and testing is one of the core building blocks of your Compliance Management System. Whether your credit union is large or small, having a compliance testing and audit program that fits your size and complexity helps ensure you know where you stand, and helps you assign your resources and focus on the right things, like strengthening your foundation or implementing strategic goals.
Take this short survey to check your credit union’s compliance health:
Did you score less than 100%? If so, maybe PolicyWorks can help. Our team is made up of compliance professionals with experience in credit unions and community banks, attorneys, and former examiners, with regulatory compliance experience that is unparalleled. Armed with extensive knowledge of financial regulations and industry best practices, our team is ready to help.