HARRISBURG, Pa. — With an eye toward easing the compliance burden, the Pennsylvania Credit Union Association has purchased an online library of policies and is making them available for free to members.
It is the first time that a league has purchased the generic set, called Policy Pro, and offered it at no cost, said the Michigan Credit Union League which sold the Policy Pro package to PCUA.
“Policy Pro will be a tremendous benefit to all credit unions,” said PCUA Chair Diana Roberts. “This is a product that would cost credit unions hundreds of dollars if they had to purchase it themselves.”
Policy topics include human resources, third-party due diligence, accounting issues, Bank Secrecy Act, and red flags. There are more than 200 policies in the Policy Pro package which are then adapted by individual CUs.
The Michigan League said there are more than a dozen leagues that either have subscribed or partnered to offer Policy Pro through the league's CUcorp subsidiary.
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