Building a Proactive Compliance Program for Credit Unions

With rapidly increasing regulatory requirements and high penalties for non-compliance, credit unions are at a crossroads. On one side, they are eyeing high growth and uplifting business revenue, and on another side, they are being flooded with regulatory changes and stricter examinations. There is an urgent need for credit unions to take proactive steps to comply with all applicable laws and regulations.

In this ebook, we’ll explore the key elements of a credit union compliance program, including risk assessment, policies and procedures, monitoring and auditing, and continuous improvement. We’ll also take a closer look at the compliance management strategy that fulfills regulatory requirements for credit unions