Four Washington credit unions have come together to form a new regulatory compliance CUSO.
The Northwest CU Collaboration was created by the $1.1 billion Gesa Credit Union in Richland, $452 million iQ Credit Union in Vancouver, $346 million Salal Credit Union in Seattle and $1.7 billion Washington State Employees Credit Union in Olympia.
The first general areas of focus for the CUSO may include compliance training for staff; compliance reviews for marketing materials, legal reviews, vendor reviews and compliance audits, according to the credit unions.
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