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Compliance Vendors

  • Verafin


    Product/Service: Compliance Services

    Endorsed Vendor StarBSA compliance is one of the key issues facing credit unions today. The mandatory requirements to monitor, detect, and report suspicious activity have created an overwhelming manual workload for credit unions. Verafin's anti-money laundering module eliminates the time consuming workload of manually completing currency transaction and suspicious activity reports. It electronically generates all reports required under international money laundering legislation.

    Verafin's customer intelligence suite combines advance artificial intelligence technologies with sophisticated pattern recognition techniques to help ensure compliance with the Federal Financial Institutions Examination (FFIEC) BSA/Anti-Money Laundering Examination Manual as well as addresses fraud detection. Some of its highlights include:

    Currency Transaction Reporting

    • Identifies and automates CTR reporting
    • Collects information from core processing platform
    • Pre-populates required reports
    • Allows reports to be edited and shared with others
    • Electronically submits reports to FinCEN (DCC)

    Suspicious Activity Detection/Reporting

    • Scans all transactions (deposits, wires, ACH, etc.)
    • Red flags suspicious activity
    • Checks incoming and outgoing wires
    • Facilitates enhanced due diligence (EDD) for high risk accounts and activity
    • Provides extensive selection of investigation tools
    • Pre-populates and electronically submits reports to FinCen (DCC)

    BSA Record Keeping

  • W.C.U.L. Services Corp.

    W.C.U.L. Services Corp Logo

    Product/Service: Compliance Services | Forms

    Endorsed Vendor StarThe Services Corp. is dedicated to supporting Wisconsin credit union's needs in a variety of ways. Our Compliance Specialist program allows credit unions of any size or budget to access expert, league-trained, state-specific compliance help (tied to our vast in-house online resources) to implement compliance workload at a fraction of what it would've cost to hire this expertise independently. The program takes the compliance information The League has always offered and turns it into a boots-on-the-ground resource that gets compliance tasks organized and completed.

    The Services Corp. also offers forms for credit unions to support their operations. These forms are designed to support a wide variety of needs including lending, collections, applications, membership, human resources and REAP.

    John Engel, Director of Legal Affairs | (800) 242-0833

  • Wipfli LLP

    Wipfli Logo

    Products/Services: Auditing Services | Compliance Services

    Wipfli has dedicated  financial institution industry professionals that provide services such as regulatory compliance, cybersecurity/IT, risk management, HR and audit.

    Jay Totzke, Partner | (800) 486-3454