Are you having a difficult time keeping up with the many compliance issues facing your credit union? Many Tennessee credit unions have expressed a need to have a dedicated and qualified compliance expert on staff but simply can’t afford the expense.
The Tennessee Credit Union League is excited to announce a new program brought to you through our business partner relationship with Credit Union Resources, Inc., (SCR) a subsidiary of the Texas Credit Union League.
Through the Shared Compliance Program, Shared Compliance Specialists (SCS) are hired, trained and certified by Credit Union Resources and their time is divided among assigned credit unions. The credit union receives a knowledgeable compliance expert as one of their team members.
There is no fuss with additional expenses... Credit unions make a pre-determined investment in compliance based on frequency selected with SCR. The pre-determined investment covers the SCS’s salary, equipment, training and all other costs associated with employees; however, the credit union pays based only on the frequency used.
Each SCS works with a minimum of 4 or more client credit unions to support, manage, review, change, and in some cases, implement a compliance program for their credit unions, with participants sharing these professional services. Time and expense allocated to each credit union will depend on the complexity and specific needs.
For more information on the Shared Compliance Program, contact Chad Stanislav, Vice President Credit Union Resources, at 800-442-5762, ext. 6461, or email firstname.lastname@example.org.
You can also download a brochure here.