Once, when I was conducting BSA training for front-line staff regarding suspicious activity, I gave them an example of a retired gentleman at the credit union that several times a week made multiple cash deposits of several thousand dollars. I explained that this was unusual behavior that might require some additional due diligence, perhaps ultimately resulting in the filing of a Suspicious Activity Report. Read more


The Tennessee Credit Union League has partnered with Des Moines, Iowa-based compliance firm PolicyWorks to help the Volunteer State’s credit unions better cope with the growing complexity and frequency of financial industry regulations. Read more


It's never been more important to have a regulatory compliance network. Read more


To kick off National Credit Union Youth Month (April 1-30, 2015), I thought it would be appropriate to start a conversation regarding youth savings programs. Read more


One of the most important pieces of an effective compliance program is the audit function. Audits may help to identify individual compliance concerns or general gaps in a credit union’s program. However, the work is not done just because the audit is complete. Read more


Proposed rules have been issued fast and furious over the last few years. Given the volume of final rules, credit unions often do not have the time or resources to delve into the details of a proposed rule and submit comments to the regulator. If your credit union is struggling to prioritize which proposals to review, consider moving NCUA’s risk-based capital proposal to the top of your list, as a risk-based capital requirement may impact your credit union’s long-term strategic growth plan. Read more


To help lighten the regulatory burden facing CUs in their states, the Ohio Credit Union League and the California and Nevada Credit Union Leagues recently purchased minority equity stakes in PolicyWorks. Read more


PolicyWorks, a national leader of credit union compliance solutions, has announced that Cindy Williams and Mike Tanner have joined the company.

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Is your credit union compliance staff approaching your compliance efforts robotically? If so, the time is ripe to return to the compliance basics. Read more


Is your credit union's compliance officer often left feeling like a third wheel? These considerations will help you see your compliance strategist as the leader she is. Read more


CUs face myriad compliance challenges, from mortgage rules to ‘UDAAP.’ Read more


At Iowa-based consultancy PolicyWorks, CEO Justin Hupfer says progressive FOM regulations within the bounds of the Federal Credit Union Act are important. He says credit unions should take the opportunity to advise the NCUA of changes in that area that would allow them to better serve consumers in their community. Read more


Credit union gets creative to develop in-house regulatory compliance expertise. Read more


With 2015 right around the corner, many of us are thinking of resolutions for the New Year. While it is a great idea in theory, there are times when we set goals that are impractical to reach. Read more


As credit unions use multiple channels to promote their offerings, staying compliant is getting more complicated, says Jennifer Anderson-Kapke, compliance attorney at PolicyWorks, LLC, sister company to CUES Supplier member The Members Group, Des Moines. Read more


Despite the added burden, don’t wait around to deal with TILA/RESPA changes... Erin O’Hern, regulatory counsel with PolicyWorks in Des Moines, IA has several recommendations. Read more


The Consumer Financial Protection Bureau’s proposed rules for prepaid will likely put a stop to tying the cards to overdrafts, and are only the bureau’s first volley against overdrafts, according to several analysts. Read more


Credit union gets creative to develop in-house regulatory compliance expertise. Read more


It’s that time of the year when industry veterans and Washington insiders start to predict what action the next Congress may take that could impact credit unions. Given the relative inactivity of Congress over the past twelve months, we may be wise to be cautious if we’re predicting much of a change from the status quo. Read more


Due in large part to the advocacy efforts of credit union supporters, 25 out of 29 pro-credit union Senate candidates were victorious on Tuesday. Read more

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