DULUTH, Ga. -- Georgia Central recently added a Due Diligence section to its Web site (www.gacentral.org) designed to help member credit unions address both internal and regulatory requirements surrounding the safety and soundness of Georgia Central as a business partner.
"The Due Diligence Corner is just another way Georgia Central demonstrates our commitment to protecting the unique relationship we have with our member-owners," said Greg Moore, president/CEO of Georgia Central. Moore said the idea arose from staffers who were routinely responding individually to numerous member requests for information for their auditors and examiners. "By consolidating all of the documentation credit unions need in a single location, we're providing peace of mind and saving them time."
The Due Diligence Corner is essentially a repository for documentation supporting credit unions' due diligence efforts. It includes links to Georgia Central's Quarterly Safety and Soundness and Annual Reports, summaries of the corporate's practices surrounding Business Continuity and OFAC, and a variety of documentation and annual reports for partner companies such as Primary Financial and CU Investments Solutions, Inc.
The Due Diligence Report is a newly created publication posted online and mailed to members that elaborates on the ways in which the corporate's services specifically adhere to the requirements set forth in NCUA Rules and Regulations Parts 703.8 and 703.9 and NCUA's Letter to Credit Unions No. 04-CU-04.