The Minnesota Credit Union Network has announced a partnership with PolicyAid to offer an online library of sample policies to help ensure compliance with current rules and 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 Corp.
“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,” Ferstl said.
PolicyAid was developed by compliance firm PolicyWorks, a subsidiary of the Iowa Credit Union League, and utilizes trained professionals to study regulations and review footnotes and fine print in order to offer credit unions a resource for developing compliant policies, MnCUN said.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
