Fractional Compliance Management for Credit Unions.

We begin by creating a tailored compliance program that aligns with your credit union’s unique needs. Your dedicated Compliance Officer will then implement and manage your customized compliance program as an extension of your team.

We build and manage a BSA Compliance Program that fits your credit union’s risk profile. You maintain an Internal BSA Officer who oversees the program but delegates the daily and weekly BSA tasks to our team of BSA certified specialists.

Lose your BSA Officer recently? Or, are you a CEO who is ready to pass the BSA baton to a new BSA Officer? We help identify and train your new BSA Officer. In our BSA Officer Bootcamp, they will receive one-on-one training specific to your credit union. Your new BSA Officer will have a firm knowledge of the requirements of a compliant BSA Program and will gain a clear understanding of how to manage your specific credit union’s BSA program.

We develop a policy review schedule and perform monthly policy reviews and submit changes to your Board of Directors for approval.

An add-on to policy reviews, this service goes beyond the policy review to ensure your daily operations are aligned with the policy. Policy and procedures are two separate but equally important cornerstones of any compliance program. However, it is not uncommon for these two essential resources to contradict in practice. Through staff interviews, transaction testing, and working with your management team, we will ensure procedures and practices align with the board-approved policy.

As your Compliance Officer, we are available to you to provide quick answers & advice on all compliance and risk-related questions. We also assist you on projects. This includes our attendance to project meetings with staff and/or 3rd parties as well as advising on affected policies, disclosures, change-in-terms, etc.

We will keep you updated on regulatory changes and help you navigate changes inside your organization. We will give you a voice by drafting responses to proposed regulations on your behalf. We will also review your marketing material to ensure compliance with consumer regulations.

We can provide training on any compliance or leadership topic of your choice! As your compliance officer, we provide the required BSA training for all of your staff and directors, as well as ongoing training and support to your BSA officer and management team.

We will assist you with preparation for your audits and exams, be available to your auditors and examiners during fieldwork, help clear potential findings, and manage the resolution of findings and recommendations.

We provide a monthly compliance report to your Board of Directors to inform them of any impending regulatory changes or NCUA letters.

We work closely with your Supervisory Committee by performing their annual Risk Assessment and Review Plan. We also manage and attend the quarterly Supervisory Committee meeting.

We offer a variety of compliance audits including BSA, ACH, Website Compliance, SAFE Act, and more!

We become your Quality Control Officer by performing monthly quality control reviews to ensure your operations and lending teams are appropriately functioning. The agreed-upon procedures are tailored to your credit union but can include monthly file maintenance, new loans, new accounts, loans and shares by interest rate, etc. We provide a scorecard at the end of each review to help track your teams’ improvement.

We will assist the credit union in managing your 3rd party vendor program.

We are available to consult on a variety of consulting projects including but not limited to stepping in as an interim BSA Officer, clearing audit and exam issues, assistance with building and structuring a compliance department, one-on-one training and support for a compliance department, consulting on major conversion projects, etc.