American Airlines FCU Alliance to Ensure Compliance Checks
To ensure that its products, policies and procedures are in compliance with all current federal rules and regulations, American Airlines Federal Credit Union has partnered with PolicyWorks.
The $5.6 billion credit union in Fort Worth, Texas, will use PolicyWorks, a Des Moines, Iowa-based compliance solution provider to conduct several reviews, including a Bank Secrecy Act review and regulatory compliance reviews of its website, deposit products and lending products, according to PolicyWorks.
Eugenia Guajardo, compliance manager and Bank Secrecy Act officer at AA Credit Union, said whether launching new products or maintaining or updating existing ones with the latest legal changes, being current with its regulatory responsibilities has always been a priority.
PolicyWorks applauds AA Credit Union for building annual compliance roadmaps into its business plans, including regulatory calendars, resource allocation and budget, said Andrea Stritzke, vice president at PolicyWorks, which said it now serves 240 credit unions.