COLCHESTER, Vt. (9/29/14)--The Association of Vermont Credit Unions (AVCU) announced Friday that it is introducing two software compliance services (Newsline Express Sept. 26).
CU PolicyPro will be available soon and ComplySight will be available to member credit unions further down the road, it said.
"Credit union managers/CEOs should watch their email in the next few weeks for complete information about bout CU PolicyPro and ComplySight, as well as the instructions for receiving CU PolicyPro access through the end of the year," the AVCU said.
CU PolicyPro is a tool designed to help credit unions manage compliance-based management challenges with more than 200 model policies. The policies were written specifically for credit unions by legal and financial professionals, and can be tweaked to fit individual credit unions' existing policies.
CU PolicyPro also has a publishing platform that allows credit unions to aggregate multiple policies into a single document that can be posted internally or for regulatory compliance.
ComplySight offers a number of logistical services for regulatory requirements by allowing credit unions to address compliance requirements through a single piece of software. Services include visibility, tracking, measuring and reporting. AVCU said that the program supports "a state of continual readiness for audits" and offers regulatory updates to ensure alignment with rule changes.
AVCU member credit unions have, since 2008, had access to InfoSight, an online database of regulatory and legislative compliance resources.