Valuable network of experts shares ideas, answers in CUNA Compliance Community

February 29, 2016

WASHINGTON (2/29/16)--While compliance information can be found in hundreds of pages of regulations from various agencies, compliance professionals often rely on their own experience and knowledge of specific topics to guide their credit union’s efforts. Thanks to the Credit Union National Association’s (CUNA) Compliance Community, the collective wisdom of hundreds of compliance experts is a few clicks away.

CUNA’s Compliance Community is an easy-to-use communications platform for credit union compliance professionals, fostering networking and discussion; and putting CUNA’s CompBlog and other compliance resources with a few mouse clicks.

CUNA Compliance Community was designed with input from and tested by credit union compliance professionals.

The community’s discussion board allows individuals to create a post and get answers from fellow Compliance Community members. As of today, there are roughly 2,000 total posts as part of nearly 700 different discussion threads.

A few examples of questions that have evolved into lively discussions on the Compliance Community boards include:

  • How to set up a credit union’s Bank Secrecy Act (BSA) department? Nearly 20 different people provided the questioner with information about how they set up a BSA department and how they run it;
  • What steps credit unions are taking when members who live out of state not titling their vehicles? Credit unions that have experienced those issues shared information about their dealer agreements and other suggestions, including using an endorsement stamp for checks involving dealership car purchases; and
  • What is the National Credit Union Administration’s position on giving employees a discounted rate on consumer or real estate loans? Nearly a dozen credit unions weighed in with their programs for employees.

The Compliance Community also features a file share library of policies and procedures, A searchable directory of compliance community members to facilitate networking and user designations for achievements and areas of expertise.

Users can choose from several methods of delivery for CompBlog, discussion threads and other information, which can be received via email or within the community portal itself.

Jared Ihrig, CUNA’s chief compliance officer, spoke to CU Broadcast during last week’s CUNA Governmental Affairs Conference about the Compliance Community, as well as his thoughts on important compliance issues in 2016 and beyond.

Click below to watch Ihrig’s interview.