Award-winning compliance solution now available to credit unions
06/23/2011 03:37 pm
For LEVERAGE customers, ComplyTrac is the only program to reduce credit union compliance risk while also dramatically decreasing compliance cost. ComplyTrac provides award-winning compliance automation technology and guidance from expert consultants to reduce expenses and improve regulatory controls. Credit unions in Alabama and Florida have exclusiveaccess toLEVERAGE's ComplyTrac.
“The current regulatory environment requires credit unions to spend valuable resources on compliance matters. Continuity’s approach to building compliance programs and offering expert guidance addresses the core issues community credit unions face every day,” said LEVERAGE EVP/COO Marvin Garland. “Implementing ComplyTrac enables the credit unions we represent to lower their compliance support costs while anticipating what needs to be done, and how and when to do it, providing them the confident knowledge that they are in compliance.”
ComplyTrac delivers on the promise of increased compliance intelligence and reduction in compliance support costs through three unique components:
RegWatch Engine keeps you up to date with the most recent regulatory information and changes, capitalizing on Continuity Control’s in-house expertise and exam experience across more than 200 clients.
Client-specific Smart Folders integrate with the job functions of the partner credit union to identify what needs to be done and by whom.
Audit Archive captures everything that is done digitally for management-ready reports and work papers organized by exam area.