The $76 million REALTORS Federal Credit Union of Rockville, Md.,will be using the cloud-based compliance services of NeighborBench,the company and credit union said.
|The NeighborBench solution combines automated tools includingnotifications and dashboards with the experience of complianceprofessionals, the company said.
|“As a former compliance professional, I know how time consumingit can be to assess a credit union's risks and help them take theright actions” said JanePannier, CEO of REALTORS FCU.
|Seven credit unions have now adopted the solution in the first 60 days after its launch,said NeighborBench, also of Rockville. Ten more have given verbalcommitments, the company said, adding that 30 licenses werepre-purchased by Strategic Partners, a CUSO of the Mountain West Credit Union Association, who has become theprimary distributer of the product for credit unions.
|“Our platform was designed to provide community financialinstitutions with the kind of bench strength they need to tacklecomplex issues – like compliance – more efficiently,” said KenWolff, founder and managing partner of NeighborBench.
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