Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
MnCUN launches programs to ease compliance burden
ST. PAUL, Minn. (5/14/12)--The Minnesota Credit Union Network (MnCUN) has launched a compliance services program for its member credit unions.

Minnesota credit unions can contract for a MnCUN staff member to help them fulfill their compliance obligations.

The program offers credit unions two outsourcing options. The first allows credit unions to contract for ongoing assistance to manage their internal compliance programs. Through this option, MnCUN's compliance professional works on-site at the credit union for a specific number of hours each month.

The second option focuses on providing credit unions assistance in completing specific compliance tasks. Credit unions can either contract with a compliance professional for a one-time request, or they can arrange for the professional to complete compliance projects quarterly.

MnCUN has hired Marcia Lewis to fill a newly created compliance and audit consultant position. Lewis has 25 years of financial institution experience. Her areas of expertise include risk management, internal auditing, training, compliance and operations.

Lewis has been a certified compliance officer since 1997, and has been designated as a Certified Financial Services Auditor since 1998.

Among the compliance areas MnCUN is offering services:

  • Bank Secrecy Act;
  • Home Mortgage Disclosure Act;
  • Marketing/advertising;
  • Consumer lending;
  • Real Estate Settlement Procedures Act
  • Real estate lending;
  • Fair and Accurate Credit Transactions Act;
  • Credit/debit card administration;
  • Accounts payable/expense reports;
  • Collection queues;
  • Vendor management;
  • Overdraft protection; and
  • Compliance training.


RSS





print
News Now LiveWire
As of Friday pm,#CUs, state CU leagues, CUNA & others had sent 1,654 comment letters on the @TheNCUA 's #RBC2015 plan http://t.co/1SKDxE1D5S
21 minutes ago
#DDoS attacks can expose weaknesses that cybercriminals can exploit. http://t.co/8HGmDuCV9j
24 minutes ago
.@voxdotcom asks: is 2015 the year Congress takes action on patent trolls? http://t.co/4vQ49fVP0W
34 minutes ago
Class is in session for Fin. Lit. Day on #capitolhill #NewsNow http://t.co/LuslMaSPlq
58 minutes ago
New website, resources for @cunacouncils http://t.co/926Y7QeDqW http://t.co/2BnZnwOjdU
1 hour ago