CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact

News

Home » More than 500 CUs benefiting from Credit Union Compliance Management System
CU System

More than 500 CUs benefiting from Credit Union Compliance Management System

September 25, 2020
CUCMS

More than 500 credit unions are now using Credit Union Compliance Management System™ (CU CMS) after just six months of national availability. The solution has been adopted by credit unions of every asset size, from below $50 million to over $10 billion.

“The system is fulfilling a need at our credit union,” said Michelle Stiles, president of Atlantic City Electric Company EFCU. “It’s helping us to stay informed about compliance changes.”

“The numbers tell a story,” says CUNA President/CEO Jim Nussle. “We’re talking about the implementation of Credit Union Compliance Management System by 500 credit unions in 47 states. With 60 regulation alerts so far in 2020, that’s a significant lift in compliance confidence at credit unions across the country.”

CU CMS is a benefit of membership for CUNA or League members. The centralized, web-based platform uses technology from software provider Quantivate to help compliance professionals handle the inherent complexities and requirements of compliance.

For credit unions that need even more robust capabilities or have complex compliance functions, Credit Union Compliance Management System PLUS™ (CU CMS+), a system with enhanced benefits for total compliance management, is available. Any credit union, regardless of affiliation, can purchase CU CMS+.

“We are pleased to let our members know about this platform. It’s comprehensive and configurable. The fact that it was developed by and for credit unions, provides confidence nothing has been missed,” said Mark Cummins, president/CEO of the Minnesota Credit Union Network. “It puts credit unions in a strong position to manage compliance in a way that helps protect the interests of their boards and members. And it also provides timely relief since credit unions are dealing with so many unprecedented issues.”

Credit unions using CU CMS or CU CMS+ can also add any of Quantivate's integrated modules to create a full GRC suite, including:

  • Business Continuity
  • Vendor Management
  • Enterprise Risk Management
  • Complaint Management
  • Internal Audit
  • IT Risk Management

Learn more at cuna.org/cucms.

Credit Union Magazine: Spring 2022

Spring 2022

Credit Union Magazine’s Spring 2022 edition profiles four Credit Union Heroes and examines CUNA's advocacy priorities, the advocacy army, and financial well-being for all.
Digital Edition •  Subscribe

Trending

  • FOM modernization bill passes House Financial Services Committee

  • FOM modernization bill is free-market solution to address financial access

  • Payment services hub explained

Tweets by CUNA_News

Polls

Are you ready for CECL?

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2022 Credit Union National Association | ADA Compliance Notice & Legal
Email Us