Today's credit union compliance managers need robust and effective compliance management software solutions to stay on top of changing laws, regulations, standards, and internal policies.
Quantivate compliance management technology is now available to credit unions through an alliance with Credit Union National Association (CUNA), providing a powerful software solution for credit unions to handle a wide variety of regulatory and compliance processes and ensure organization-wide accountability. The software delivers key features to monitor pertinent regulations and other requirements, organize compliance documentation, run risk assessments, and demonstrate proof of compliance through robust reporting.
Credit Union Compliance Management System™, provided as a benefit of CUNA or credit union league membership, provides a strong foundation for starting a compliance management program, managing regulatory change, and/or automating manual compliance processes.
For credit unions seeking more robust functionality or to mature their compliance management program with a full-featured solution, Credit Union Compliance Management System PLUS™ is a ready-to-use platform for centralizing compliance and policy management tasks.
Credit Union Compliance Management System PLUS includes all the features of the membership benefit level plus additional functionality and content. It also provides the best path to implementing other GRC software from Quantivate as your credit union matures its risk and compliance management capabilities. The compliance and policy/document management features included in Credit Union Compliance Management System PLUS integrate seamlessly with Quantivate’s full suite of GRC solutions, which includes software for vendor management, business continuity, enterprise risk management, IT risk management, and more.
These compliance management systems can help you:
Visit CUNA's website for more information about compliance management systems for credit unions.
Quantivate and CUNA’s regulatory compliance software solution provides a common framework and an integrated approach to meet credit union–specific regulations. Credit unions can leverage built-in compliance alerts and content from CUNA, as well as risk alerts from CUNA Mutual Group, to maintain an up-to-date compliance management program.
Provided as a part of the included software content, executive summaries outline existing laws and regulations that are already in effect. Executive summaries are continually reviewed and updated by CUNA.
Leverage a centralized platform for tracking regulatory and legal changes and requirements, organizing compliance documentation, and managing compliance processes, with features including:
CUNA offers regulatory updates in the form of compliance alert emails and content within the software. These resources help your credit union understand new or amended regulations from NCUA, OCC, FDIC, FFIEC, Federal Reserve, or the CFPB and the steps you need to take in order to remain compliant. These compliance alerts are written by experienced compliance attorneys who translate the complex regulatory language and provide an executive summary and action items.
One of the challenges of new regulatory requirements is determining whether or not the rules apply to your credit union and, specifically, which of your products would be impacted. Each CUNA compliance alert includes the following content to help you determine if and how the new rules impact your operations.
Content of Compliance Alerts: