LSCU & Affiliates offer ComplySight to ease compliance burdens
06/02/2014 11:26 am
Compliance and regulatory burden are crushing credit unions on a daily basis. Throw in new regulations that are adopted quickly and a credit union can easily fall behind. The League of Southeastern Credit Unions & Affiliates (LSCU) is offering Complysight which will help credit unions deal with the ever increasing compliance demands.
ComplySight, which is fee based, is a fully customizable, web based compliance solution. Credit unions are able to match specific products and services that they offer so they can easily track the regulations on each one. Regulatory alerts are tailored to a credit union’s needs so the credit union is ensured that it remains in compliance, even with new and amended regulations. ComplySight also offers a grading tool to ensure a credit union’s compliance level is the highest possible.
“Easing the compliance and regulatory burden is always a top priority for credit unions,” said LSCU & Affiliates President/CEO Patrick La Pine. “By utilizing ComplySight, credit unions will stay up-to-date on regulations and significantly cut down on the time spent on compliance. Since ComplySight was created and is maintained by League InfoSight, we are able to offer this product well below what competitors charge.”
What also makes ComplySight unique is a seamless integration into League InfoSight and PolicyPro, two value of membership programs that Alabama and Florida credit unions are already using on a regular basis. Once a credit union begins working with ComplySight, they can set up action steps to improve their compliance levels, set up program parameters and print out regulatory and compliance reports. This will also help to ease the examination process.
“Once credit unions begin using ComplySight, they will see that is it literally a universal compliance management tool. So many credit unions don’t have the staff to concentrate solely on compliance and regulations, ComplySight can become that employee,” said La Pine.
The LSCU worked with League InfoSight and the Credit Union National Association (CUNA) to be able to offer this affordable compliance solution. You can find more information on the
LSCU ComplySight webpage.