Press
Dollar Associates and NeighborBench Join Forces to Promote Credit Union Regulatory Compliance Solutions
FREDERICK, MD (August 1, 2013) — Dollar Associates and NeighborBench represent best-in-class providers of credit union services. The firms recently formed a new strategic partnership to encourage more credit unions to take advantage of compliance solutions from NeighborBench and its sister company, NB Risk Partners.
“Having Dennis Dollar and his respected firm perform their due diligence on us and feel our product is a solution worthy of a partnership to present to the credit union market is a thrill for us,” said Ken Wolff, CEO of NeighborBench. “As a former NCUA chairman and one of the industry’s best strategic thinkers, Dennis has built a well-respected firm over the past decade that truly understands the industry inside and out and has proven to be an excellent partner for both credit unions and those organizations who serve them. We believe Dollar Associates is a natural partner for us at Neighborbench.”
“We saw so much more than we expected when we investigated the solutions from NeighborBench and NB Risk Partners,” said Dennis Dollar, Principal Partner at Birmingham, Alabama-based Dollar Associates. “We work with so many of our clients in strengthening their compliance programs, and we see this tech-based solution as an affordable complement to and ingredient in a successful regulatory compliance emphasis.”
“Not only does the Neighborbench platform help to simplify the ongoing prioritization of compliance issues facing credit unions of all asset sizes in a very cost effective model,” Dollar said, “it is as up to date as is our firm in keeping credit unions ahead of the ever changing regulatory environment. It was a natural fit to partner with Neighborbench and NB Risk Partners to keep both our clients and theirs in front of, rather than lagging behind, the compliance challenges today’s landscape requires.”
“We look forward to working with Neighborbench to help their clients by having our regulatory compliance background and expertise constantly reviewing their products and to help our clients with the possibility of including this quite impressive compliance program into their always growing and increasingly demanding compliance efforts.”
“NeighborBench is excited about working closely with Dollar Associates to not only provide additional strength to the credentials of our program,” said Wolff, “but we believe they can help us keep our product at the forefront of the continually emerging regulatory compliance arena – particularly with the seemingly endless growth in regulatory actions from NCUA, CFPB, state regulators and others in this current environment.”
Dollar Associates is a leading full-service credit union consulting firm headed by Dollar and his former NCUA Chief of Staff and Counsel to the Chairman, Kirk Cuevas. The Dollar Associates team provides consulting services to America’s credit unions and organizations who work with credit unions in the regulatory compliance field, as well as in strategic planning, training, regulatory advocacy, field of membership support and executive recruiting. Learn more at www.dollarassociates.com.
NeighborBench’s unique compliance solution combines the latest in automated tools with experienced professionals to help reduce the primary challenges of compliance: cost, time, resource requirements, and the disruptive nature of traditional consulting firm solutions. Learn more at www.neighborbench.com.