Difficult Regulatory Environment Steering Credit Unions to PolicyWorks for Compliance Expertise

Posted: 2011-05-18 00:00:00

Des Moines, Iowa – PolicyWorks, a national leader in providing credit union compliance solutions, cites an increase in compliance burdens as a driver behind the firm’s increase in new clients in the first-quarter of 2011. 

“Credit unions of all sizes are facing various challenges as it relates to compliance,” said Justin Hupfer, CEO of PolicyWorks. “The regulatory environment is complex and our goal is to make it much simpler for credit unions to deal with.”

“This is the second year we’ve had PolicyWorks conduct a compliance audit for us and it continues to be very valuable,” said Kimm Proctor, Regulatory Compliance Manager, ESL Federal Credit Union in Rochester, N.Y. “Their expertise helps us identify and address any gaps we may have to ensure our compliance programs function at the highest level.”

Beyond compliance audits, PolicyWorks’ other products include website audits, training, BSA audits and 24/7 federal compliance support.

“We hired PolicyWorks to help streamline our compliance program. Now, because of our work together, we have a good program in place to manage the ever changing compliance requirements,” said Michael Morgan from First Nebraska Educators Credit Union.  “The staff at PolicyWorks is very professional and responsive to our needs”.

“What we are seeing is a desire from credit unions to have an expert they can turn to for compliance assistance,” said Andrea Stritzke, VP of Regulatory Compliance, PolicyWorks. “We have the legal, examiner and operational experience on our team that allows us to ease the compliance burden, so credit unions can focus on what they do best - serving their members.”

About PolicyWorks

A subsidiary of the Iowa Credit Union League, PolicyWorks provides solutions to meet credit unions’ regulatory compliance needs. PolicyWorks provides Bank Secrecy Act Audits, Website Compliance Audits, Lending Audits, Full Scale Compliance Audit Services, 24/7 Federal Compliance Support, Vendor Management Services, and Regulatory Training. Visit www.PolicyWorksLLC.com or www.theworksblog.com to learn more.