La Palma, CA (April 30, 2025) |
NextLEVEL Compliance (NLC), a provider of credit union operations, compliance, risk, and audit services, is announcing the return of Jovilyn Herrick as the company’s CEO. Herrick founded NLC in 2017, laying the groundwork for the company’s development. After a successful five-year stint as the senior director of compliance client solutions for a compliance technology and consulting firm, she is returning to the NLC helm.
Herrick, a certified compliance expert, has spent more than 25 years working in the credit union industry. She has held various leadership positions that span compliance management, operations, lending, and chief operations officer, building expertise in compliance frameworks, operational efficiency, and strategic initiatives. In her most recent role, she oversaw multiple credit union league partnerships and consulting services, providing credit union clients nationwide with expert guidance on compliance, risk management, and state and federal laws and regulations.
Herrick noted the challenges of the current regulatory environment, which demands greater resources from credit unions.
"Regulations are evolving rapidly, and credit unions face increasing pressures to meet complex compliance requirements,” she said. “The current economic climate—marked by inflationary pressures, rising interest rates, and tight budget constraints—has made it even more challenging for credit unions to allocate resources effectively across all of their priorities.”
In light of these realities, NLC offers personalized and scalable compliance solutions designed to work within budget and operational constraints. With a deep understanding of the unique pressures faced by credit unions in today’s economy, NLC focuses on solutions that are optimized for cost and operational efficiency. Customizable services include:
- Compliance program assessments
- Comprehensive reviews of internal documents e.g. policies, forms, and disclosures
- Independent audits and risk assessments
- Staff and board training
- Assistance with state and federal examinations
- Assistance w/focused compliance initiatives
“In today’s dynamic compliance and regulatory environment, credit unions need forward-thinking guidance that empowers them to navigate the challenges while maintaining the bandwidth to focus on their mission of member service,” Herrick said. “When credit unions proactively manage risk and build a culture of continuous improvement, long-term success is no longer a goal–it’s the natural outcome.”
