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Of all the reasons why credit unions choose to collaborate with external parties, the desire to streamline compliance work just might top the list. Compliance has historically been viewed as a daunting, resource-draining area of business for credit unions, especially smaller ones, and in a world that looks increasingly different than it used to – with evolving financial needs necessitating new products and services, for one – the requirements are only multiplying and becoming more complex. That’s why many rely on helpers such as peer credit unions, CUSOs, consultants and technology platforms to consistently check off every compliance to-do item on time.

One third party that is focused on assisting credit unions with their governance, risk and compliance (GRC) needs is the Des Moines, Iowa-based ViClarity (formerly PolicyWorks, LLC), a GRC management solutions provider serving highly regulated industries. In August 2021, ViClarity launched AdVisor, a suite of consulting services for credit unions utilizing the company’s GRC technology solution, which includes an advanced onboarding service and on-demand access to ViClarity’s compliance experts.

Erin O’Hern

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Natasha Chilingerian

Natasha Chilingerian has worked in the credit union space for over a decade. She joined CU Times as managing editor in 2015 and was promoted to executive editor in 2019. Before that, she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union) in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer and editor for more than 17 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

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