...because of compliance demands
Part three in a series about the value of League membership
Compliance remained one of the most in-demand League services in 2011. This assistance helps to reduce credit unions’ exposure to legal liability, prepare credit unions for visits by regulators and protect the credit union and its members from legal issues that have the potential to affect income, member service, reputation and more. In 2011 we:
"The Wisconsin League has one of the largest collections of searchable compliance resources online specifically tailored to our unique combination of state and federal rules," said John Engel, Director of Legal Affairs. "Chances are, if credit unions have a compliance-related question, its addressed somewhere on our site. We often refer to this information while walking credit unions through questions by phone. They really appreciate that we help them understand the issues and make decisions about compliance confidently."
"We get to know our credit union contacts very well, and have been the first call for help for many of them," Engel said. "More and more, compliance feels like their ‘other job’ on top of a full plate of other responsibilities, so we’re pleased that our extensive research, analysis and resources can lighten their load."
He encourages credit unions struggling to juggle compliance responsibilities to look into the Compliance Specialist program through The League Services Corp. "The program draws upon our vast resources but also offers you as much help to implement compliance issues as you need at just a fraction of the cost to do so on your own."
Watch League News for more about what we have accomplished together in 2011 as a united League. The League's homepage links to all of the articles in our series.