CURoots Services

Taking care of compliance so you can take care of business.

Compliance Services

• Compliance Management
• Work with Credit Union management in developing and maintaining a Compliance Program.
• Assist with the resolutions of any existing exam findings.
• Review current processes with staff to ensure required compliance procedures are being performed.
• Review/update and or develop BSA/AML/OFAC/CIP program.
• Regulatory/Law Awareness
• Keep the Credit Union abreast of current and upcoming law and regulation changes.
• Provide the Credit Union regulatory and law updates including necessary steps for implementation.
• Perform necessary regulatory data research specific to credit union needs and criteria.
• Compliance Calendar provided quarterly for reminders of deadlines and credit union requirements.
• Policy Maintenance/Development/Implementation
• Coordinate compliance with new and existing laws and regulations affecting the Credit Union, including policy development, training, and applicable forms.
• Maintain and/or update compliance programs accordingly to adhere to new/existing laws and regulations, including updating, revising, and developing policies in order to ensure compliance.
• Assist the credit union with updating, revising, and developing forms with new regulatory changes and or developments.
• Regulatory Exams/External Audits
• Coordinate with regulatory examiners and external auditors during examinations to ensure that compliance issues are adequately addressed where appropriate.
• Provide assistance to the credit union in preparation for upcoming exams.
• Coordinate with examiners and auditors on behalf of the credit union to address any compliance questions and or concerns, including participation in exit interviews.
• Provide assistance in resolving any compliance exam findings, including providing management responses and timeframes of completion.
• Provide follow up to ensure management responses and requirements are developed and or implemented within the timeframes given.
• Q&A Phone Access
• Accessibility via phone for any compliance related questions and or concerns.
• Training
• Assist with board and staff compliance training.

For information on CURoots' shared compliance and internal audit services, contact Rita Fillingane at ritaf@ccul.org, or 909-212-6055.