League InfoSight announces ComplySight enhancement
ComplySight adds complaint management capabilities at no additional cost
LANSING, MI (September 26, 2017) — League InfoSight, a collaborative effort of 15 credit union leagues/associations and the Credit Union National Association (CUNA), announced today that it has added the ability to log and manage complaints to ComplySight, its self-assessment tool credit unions can use to grade themselves on compliance with federal regulations.
This enhancement, added with no extra fee for users, reinforces the organization’s ongoing effort to provide effective and affordable compliance products to credit unions.
“Our goal is to continually enhance our products to be best-in-class, making sure we are keeping pace with credit unions’ compliance needs,” said League InfoSight CEO Glory LeDu. “Adding the ability to log, assign and store complaints within ComplySight adds even more value to a sophisticated, cost-effective tool that assists credit unions in maintaining an effective compliance management system — something regulators expect.”
Along with its new capacity to maintain and store complaints, ComplySight allows credit unions to attach and store documents that evidence compliance, assign potential deficiencies or compliance reviews to relevant employees and receive alerts for new or revised regulations. The cost for ComplySight is based on a credit union’s asset size.
“ComplySight was designed to be versatile with multiple access levels and consulting so credit unions can customize, utilize and create the system based on their individual needs and relevant products/services,” added LeDu.
ComplySight consulting is available for credit unions who are interested in a full-service model, want a third-party review or who don’t have the resources or capacity to conduct regulatory reviews in-house.
Credit unions interested in learning more about ComplySight, or would like to take advantage of a 30-day free trial, should contact their league or visit the ComplySight page on the League InfoSight website at LeagueInfoSight.com/ComplySight.
About League InfoSight
League InfoSight was created in 2003, the result of a multi-League effort to work collaboratively to provide the best possible compliance resources for member credit unions. The collaborative model is at the heart of League InfoSight and allows the expertise of League/Association partners and stakeholders to be leveraged to develop compliance best practices, evolve technology solutions, and focus on content strength.
League InfoSight was created in January 2003 by the following Credit Union League/Associations: Florida (now includes Alabama and Georgia as the League of Southeastern Credit Unions), Georgia (now part of the League of Southeastern Credit Unions), Michigan, Ohio and Texas (now includes Arkansas, Oklahoma, Kansas and Missouri as the Cornerstone Credit Union League). Since then, the California (and Nevada), Cooperative, Illinois, Iowa, New Jersey (now includes Pennsylvania as CrossState Credit Union Association), New York, Pennsylvania (now includes New Jersey as CrossState Credit Union Association), MD/DC, GoWest (Arizona, Colorado, Idaho, Oregon, Washington and Wyoming) and Maine Leagues/Associations have taken ownership positions in League InfoSight. For more information, visit LeagueInfoSight.com.
