More than 500 credit unions are now using Credit Union Compliance Management System™ (CU CMS) after just six months of national availability. The solution has been adopted by credit unions of every asset size, from below $50 million to over $10 billion.
“The system is fulfilling a need at our credit union,” said Michelle Stiles, president of Atlantic City Electric Company EFCU. “It’s helping us to stay informed about compliance changes.”
“The numbers tell a story,” says CUNA President/CEO Jim Nussle. “We’re talking about the implementation of Credit Union Compliance Management System by 500 credit unions in 47 states. With 60 regulation alerts so far in 2020, that’s a significant lift in compliance confidence at credit unions across the country.”
CU CMS is a benefit of membership for CUNA or League members. The centralized, web-based platform uses technology from software provider Quantivate to help compliance professionals handle the inherent complexities and requirements of compliance.
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