DES MOINES, IA (March 18, 2015) -- The Ohio Credit Union League and the California and Nevada Credit Union Leagues recently purchased minority equity stakes in PolicyWorks, a compliance consulting firm owned by the Iowa Credit Union League.
Member credit unions of the Ohio and California/Nevada leagues will have access to an extensive network of experts to answer their regulatory compliance questions when the transition is completed this summer. In addition, there will be a broad-based menu of fee-based compliance services.
The three Leagues noted a shared, strategic commitment to helping credit unions address regulatory compliance challenges.
“Throughout the past 10 years, PolicyWorks has been committed to providing best-in-class compliance services to credit unions not only in Iowa, but across the country,” said Pat Jury, president and CEO of the Iowa Credit Union League. “We have assembled an excellent team of attorneys, former examiners and operational professionals who are well versed in the ever evolving world of compliance. This new collaboration with the Ohio and California/Nevada Leagues positions PolicyWorks to continue as a national leader of compliance solutions.”
Officials from both the Ohio and California/Nevada leagues believe this investment is a win for everyone—the leagues, credit unions, and their members.
“Compliance is among the most pressing and exhausting burdens consuming credit unions’ bandwidth today, making it the duty of the Ohio Credit Union League to help them manage and lighten that load so they can instead focus more on serving members,” said Paul Mercer, president of the Ohio League. “By investing in PolicyWorks, we’re best positioned to continue providing credit unions with deep and robust compliance assistance that will evolve and keep pace in this ever-changing environment.”
“The opportunity for us to collaborate with PolicyWorks was one that made sense for our members,” said Diana Dykstra, president and CEO of the California and Nevada League. “Together with the Iowa and Ohio Leagues, we believe this partnership will create momentum behind PolicyWorks’ efforts to help credit unions and be a partner in industry efforts to tackle the compliance challenges to come.”
About PolicyWorks LLC: PolicyWorks is a national leader in credit union compliance solutions, providing services to over 600 credit unions. PolicyWorks has the resources, vision and experience necessary to help credit unions resolve their most challenging compliance issues. For more information, visit www.PolicyWorksLLC.com.
About the California Credit Union League: With headquarters in Ontario, CA, the California Credit Union League is the trade association representing the interests of nearly 400 credit unions in California, and their 10 million members. For more information, go to www.ccul.org.
About the Ohio Credit Union League: With offices in Columbus, the Ohio Credit Union League is a state trade association representing 330 credit unions. It provides legislative, regulatory, media, and consumer advocacy; compliance and information tools and guidance; performance and data analysis, professional and volunteer development opportunities; communications; product solutions; and more.