Have you updated your policies lately?
Published by: Kim Connor
June 30, 2021 | Compliance
League membership benefit, CU PolicyPro, provides template language to be used as the starting point for crafting your credit union’s own policies. The model policies are comprehensive and provide an excellent foundation for regulatory compliance; however, every credit union is unique, and each example should be reviewed and customized as needed to fit your operations.
There are over 200 current policies. Categories include Administrative, Operations, Accounting, Security, Asset/Liability Management, Investments, Lending, Other Real Estate Owned (OREO), Federal Regulations, Records Retention, and Fair Credit Reporting Act. Each of these categories can be expanded to include smaller policies such as the use of social media.
For more information on CU PolicyPro, contact Member Outreach Manager Christy Clark.
