Shared Compliance Services
Is the cost of compliance affecting your bottom line? Does worrying about the latest regulatory changes or rule revisions take up too much of your time? Do you need policies changed or created? Did your most recent visit by your Examiner reveal compliance problems at your credit union? If you answered "yes" to any of these questions, you should consider participating in the Shared Compliance Services with the LSCU.
A Compliance Consultant is hired by the LSCU, certified as a compliance expert through CUNA, and trained by experienced LSCU employees and then leased to participating credit unions. The Consultant is shared between several credit unions to review, change, and in some cases, implement a compliance program for the credit unions. Time and expense allocated to each credit union coincides with the credit unions' participation level. We offer contracted service for part time, full-time or short-term projects.
What does the Compliance Consultant do? The following list is not all inclusive. The program is completely customizable based on the needs of the participating credit union.
If you are interested in more information on the Shared Compliance Services contact compliance@lscu.coop.
Or see our product slick here.