DALLAS–The "rent-a-compliance officer" program of the Texas Credit Union League is on a roll thanks to the Bank Secrecy Act with the service now showing 30 client CUs in three states, league officials said Friday.
"This is an idea we took from the Georgia league more than a year ago and we've found that both small and large credit unions in Texas seem to appreciate the idea of compliance 'house calls' for both staff training and education," said Steve Gibbs, director of compliance services.
Under the "Shared Compliance" program, as it is known, league staffers including Gibbs spend five days on site at participating CUs reviewing compliance rules and assisting staff. Fees are arranged on a cost plus basis with the league staff averaging one CU visit per week.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
