Compliance Connection
by Amy Kleinschmit, Director of ComplianceAt the end of 2012 there were over 848 pages of proposed rules from the CFPB pending finalization. (…and this was not the nice double spaced proposals, this was the get-out-your-magnifying-glass three column fine print reading in the Federal Register.)
Needless to say, it is going to be a busy year…again. Remember Compliance Connection is here to help you! Send your regulatory and compliance questions and concerns, by phone (800.279.6328 ext 3964), email (akleinschmit@cuad.coop), or fax (701.250.3965). Also, if you are looking for something and can’t find it, let us know. We are here to help you!
Resources! Check out the CUAD website, http://www.cuad.coop/Compliance.aspx for access to InfoSight and CU Policy Pro. Both of these resources are available to all affiliated credit unions as due supported products – or in other words, they are free so why not check them out today?
· InfoSight is an online compliance resource that provides staff, management, and volunteers 24/7 access to finding answers and learning more about a wide range of topics and issues that affect credit union operations on a federal and state level. There are easy-to-read summaries, checklists, direct links to laws and regulations, frequently asked questions, and links to additional important resources including CUNA's “E-Guide” online compliance resource.
· CU Policy Pro is a policy manual that provides credit unions access to over 200 current sample policies in addition to features such as an online policy manual, monthly OPS notes, semi-annual updates, operation tools and on-line training. These policies are developed and written especially for credit unions by legal and financial experts.
Bank Secrecy Act! Compliance Connection continues to offer due supported (free) in-person BSA training for your chapter or credit union. Did you know that in 2012, more than 475 people took part in BSA training with Amy Kleinschmit? If your chapter or credit union needs training, call today!!
Bank Secrecy Act Independent Reviews are also available for your credit union. These reviews are conducted on-site, so the credit union’s confidential information is not threatened by sending it to an off-site reviewer. The 2013 calendar is filling up fast so be sure to schedule your BSA independent review today!
Training! Compliance Connection offers a number of in-person training sessions for your staff, board and supervisory committee. Additionally, check out all the training that is available through CUAD Education Department, listing of webinars, quickbites, upcoming CUAD conferences and other education resources can be found at this link: http://www.cuad.coop/Education.aspx.
Should you have ANY questions, concerns or comments, or to schedule any in-person training or a BSA independent review with Amy Kleinschmit, please contact her at akleinschmit@cuad.coop or 800.279.6328 ext 3964.