Tru Treasury partners with Comply-YES!
CUSOs join forces elevate compliance support for credit unions
FARMINGTON HILLS, MICH (February 12, 2024) — Tru Treasury, a leading provider of treasury management solutions tailored for credit unions, today announced its strategic partnership with Comply-YES!, a CUSO that provides compliance support and services to credit unions. This collaboration aims to provide credit unions with a seamless approach to managing financial operations within the complex regulatory environment, thus fostering a more secure and efficient operational model.
Through this partnership, Tru Treasury’s clients will gain access to Comply-YES!’s extensive suite of compliance services, development and maintenance of policies and procedures, as well as auditing and consulting services. This alliance aims to reduce the compliance burden for our credit unions, enabling them to concentrate more fully on their primary mission of serving members
Karl Borgquist, CEO of Comply-YES! expressed enthusiasm about the collaboration: “Aligning with Tru Treasury is a natural fit. Their dedication to providing innovative treasury management solutions complements our mission to simplify compliance for credit unions. We’re excited to extend our services to Tru Treasury’s clientele, facilitating stronger regulatory frameworks and enhanced member services.“
The partnership focuses on fulfilling a need within the credit union sector for effective compliance support in response to changing regulations. By combining Tru Treasury’s treasury management expertise with Comply-YES!’s compliance proficiency, credit unions can expect a holistic approach to managing growth initiatives and regulatory challenges.
“Our collaboration with Comply-YES! Represents a significant milestone in our ongoing effort to support credit unions in every aspect of their operations,” said John Ballantyne, CEO of Tru Treasury. “We recognize the pressures our clients face in maintaining compliance amid evolving regulations. By joining forces with Comply-YES!, we are bolstering our commitment to helping credit unions thrive through enhanced regulatory posture and operational excellence.”
About Tru Treasury
Established in 2020 by Credit Unions for Credit Unions, Tru Treasury is the industry’s first full-service treasury management credit union service organization. Tru Treasury’s sole focus is equipping community financial providers with the tools, expertise, and products to deliver leading treasury solutions to the businesses they serve. Visit www.TruTreasury.com for more information, or reach out to Jeff Sharkey at Jeff.Sharkey@TruTreasury.com.
About Comply-YES!
Comply-YES! provides customized, cost-effective compliance outsourcing and audit services, giving credit unions the freedom to focus on what they do best: serving their members. With a range of services designed to address compliance challenges head-on, Comply-YES! ensures credit unions can achieve and maintain regulatory compliance with confidence. For more information, visit www.comply-yes.com or contact comply@comply-yes.com, 248-221-1962.
