ALBANY, N.Y. (3/8/12)--The Credit Union Association of New York (CUANY) is now offering CU Policy Pro--an online policy database previously offered on a subscription basis for $825 per year--as a membership benefit.
"In the current compliance environment, the development and maintenance of effective credit union policies is critical--but it's also very time-consuming," said William J. Mellin, president/CEO of the association. "CU Policy Pro makes the process much easier for credit unions."
With CU Policy Pro, authorized credit union employees can securely access, view, print and update their policies from any Internet connection, said CUANY. More than 200 customizable policies are available in the database--all written by regulatory experts and updated semi-annually to ensure compliance.
Nearly 100 credit unions have registered for the program since the association's announcement.
ST. PAUL, Minn. (3/8/12)--The Minnesota Credit Union Network (MnCUN) will offer PolicyAid, an online policy library resource developed by the Iowa Credit Union League.
PolicyAid subscribers receive access to more than 65 sample policies available for download in Word format.
Policy templates include topics such as social media, liquidity and Truth In Lending. Policies are updated quarterly to reflect any new and amended regulations.
"The Minnesota Credit Union Network understands the compliance burden on credit unions today, which led to the development of this partnership with PolicyAid," said John Ferstl, MnCUN vice president, network service corporation.
"Every year credit unions spend tens of thousands of dollars in time and resources as they work to maintain compliance with regulations. This affordable resource will help relieve some of that burden and enable credit unions to focus their attention on what they do best--serving their members," he added.