LANSING, MI (June 20, 2016) — No matter the size of the credit union, regulatory compliance is one of the biggest challenges facing not-for-profit financial institutions.
CU Solutions Group, in collaboration with the Michigan Credit Union League, CUNA and League InfoSight, combined resources to create DestinationCompliance™. Through a single online portal, credit unions can access all the support, insight, education and tools needed to help meet regulatory requirements.
DestinationCompliance simplifies three important aspects of credit union compliance and regulation:
“Because credit unions are not-for-profit, their first priority is finding ways to meet members’ needs through better rates and fees. Often, limited staff and resources and overwhelming state and federal regulations make it difficult to stay on top of compliance requirements,” MCUL CEO Dave Adams said. “DestinationCompliance provides a single, comprehensive set of resources to help credit unions stay compliant while freeing up more time for them to get back to the business at hand – helping members.”
Launched at the Michigan Credit Union League/CUSG’s Annual Convention and Exposition in June 2016, the website, mi.DestinationCompliance.com, is currently available for use by MCUL affiliated credit unions at no cost. Plans are in place to offer this resource to interested leagues and credit unions in the near future.
Organized in 1934, the Michigan Credit Union League & Affiliates [mcul.org] (MCUL) is a trade association representing Michigan’s credit unions. Based in Lansing, Michigan, MCUL works to strengthen the credit union community and its image by providing advocacy on important issues, coordinating cooperative initiatives and by providing high-quality solutions that help credit unions succeed and enrich the lives of their members.
Shawn Glinis
734.793.3449 | Shawn.Glinis@mcul.org
