St. Louis Community Credit Union Executes Strategic Compliance Program with PolicyWorks
DES MOINES, IA (May 21, 2013) St. Louis Community Credit Union has contracted compliance firm PolicyWorks to help execute the credit union’s strategic compliance program. The partnership takes advantage of PolicyWorks’ recently launched ComplyRight, a full-service, comprehensive compliance solution for credit unions.
PolicyWorks will provide ongoing reviews of St. Louis Community Credit Union’s advertising and marketing materials. In addition, the credit union’s compliance team, led by Compliance Manager Jennifer Barnes, will have unlimited phone and email access to PolicyWorks staff for assistance with federal compliance questions, review of new products and strategic analysis on the impact of impending regulatory changes.
“As credit unions’ regulatory burdens increase, we provide compliance solutions to respond to their changing needs,” said Andrea Stritzke, PolicyWorks vice president of regulatory compliance. “The ComplyRight solution chosen by St. Louis Community will help them be proactive about compliance and leverage the use of their Compliance Manager with additional support and expertise from PolicyWorks.”
St. Louis Community Credit Union will also have access to PolicyAid, PolicyWorks’ proprietary online library with more than 70 customizable policy templates. The ComplyRight Executive package also provides a series of hot-topic webinars covering new or amended regulations and an electronic newsletter compiling recent regulatory news and activity by the CFPB, NCUA and other agencies impacting credit unions.
“Compliance is a cornerstone strategy for our credit union,” said Megan Downs, St. Louis Community Credit Union senior vice president and COO. “The combination of Jennifer’s leadership and PolicyWorks’ knowledge will drive what has become a necessary strategic approach to meeting today’s regulatory demands. With these devoted resources, we not only have peace of mind that the credit union is protecting itself and its members; we have the ability to focus on what we do best – provide our members with superior service.”
About St. Louis Community Credit Union
St. Louis Community Credit Union has $240 million in assets and serves 51,000+ members.St. Louis Community Credit Union provides a variety of consumer financial services, including checking accounts, ATMs, credit and debit cards, new and used vehicle loans, real estate loans, unsecured lines of credit, savings products, online banking and more. St. Louis Community Credit Union is recognized as a Community Development Credit Union (CDCU), a Community Development Financial Institution (CDFI) and a Low-to-Moderate Income Credit Union as designated by the National Credit Union Administration. For more information, please visit www.stlouiscommunity.com.
PolicyWorks is a national leader in credit union compliance solutions, providing services to nearly 600 credit unions. PolicyWorks has the resources, vision and experience necessary to help clients resolve their most challenging compliance issues. For more information, visit www.PolicyWorksLLC.com.