Press
Alliant Credit Union Selects PolicyWorks as Compliance Partner
DES MOINES, IA (May 7, 2013) Alliant Credit Union in Chicago has contracted compliance firm PolicyWorks to act as a partner in the $8.2 billion credit union’s compliance program.
PolicyWorks will provide onsite compliance training for Alliant management and staff, as well as conduct a series of webinar-based training sessions. Review of marketing materials, documents and disclosures will also be a service provided to Alliant. In addition to reviewing these materials for federal compliance issues, the PolicyWorks team will help implement new strategies for Alliant’s overall compliance management system.
“Compliance is critically important at Alliant,” said Meredith Ritchie, VP, Associate General Counsel and Chief Ethics Officer at Alliant, “which is why we are working hard to maintain a sustainable and strategic compliance management program. The PolicyWorks team’s knowledge – not only of the regulations themselves, but of the planning, budgeting and operational implications of those regulations – makes PolicyWorks an essential partner for us. Their work for a number of other credit unions makes the scalability appealing.”
“Credit unions across the country could benefit from adopting the kind of strategic-planning mindset Alliant Credit Union has where regulations are concerned,” said Andrea Stritzke, VP, Regulatory Compliance for PolicyWorks. “Their proactive approach to compliance will help them to continue to be compliant while maintaining excellent member service.”
About Alliant Credit Union
Alliant Credit Union, founded in 1935, is an independently operated financial cooperative serving over 140 employee groups and organizations with more than 275,000 members and over $8 billion in assets, making it the largest credit union in Illinois, and the sixth largest in the nation, based on assets and deposits. As a member-owned financial institution, Alliant exists to foster members’ financial well being and to serve their best interests. With Branches in Chicago, Denver, Houston, Los Angeles San Francisco and Oakland, CA, Newark, NJ, Tempe, AZ and the Washington, DC area, Alliant is headquartered in Chicago, Illinois at 11545 W. Touhy Avenue. As an Illinois-chartered credit union, Alliant is under the supervision of the Illinois Department of Financial and Professional Regulation. Alliant is an equal housing opportunity lender and federally insured by the National Credit Union Share Insurance Fund, which is administered by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government. Learn more about Alliant online at www.alliantcreditunion.org.
About PolicyWorks
PolicyWorks is a national leader in credit union compliance solutions. PolicyWorks has the resources, vision and experience necessary to help clients resolve their most challenging compliance issues. For more information, visit www.PolicyWorksLLC.com.