Are you doing everything to stay compliant? If not, it could cost you. The lesser end of the consequence spectrum could mean a fine of several thousand dollars. More serious offenses could involve restricting your membership growth field, and in severe cases, loss of charter. Even if you are diligent, something could still be overlooked and end up costing you, should a compliance officer walk through your door. That can sour a good day.
Periodic Compliance Review Is Key
To keep that from happening, it is important to periodically review your policies and processes. It’s a great practice to keep and can spare you from unfortunate events. Make sure your forms are part of that review process. All of your forms should be safe, secure, and compliant. To be sure, let us be your forms provider. We have been serving the industry for 30+ years; keeping pace with the ever-changing regulation landscape. Our forms can be customized and seamlessly integrated with your data processor. In addition, they can be themed to match your credit union. Finally, we offer pre-printed and print-on-demand form options should you need them, and a free newsletter, “The Oak Tree Advantage,” to keep you on track and compliant.
Oak Tree Forms Are the Answer
Each package is designed to give your staff the necessary tools to meet customer demand, while giving your members an easy platform to complete an application. When you use one of our forms packages you can rest assured that no matter the format, compliance is covered. The next time a compliance officer walks through your doors you can rest easy knowing your forms are not an issue. Now is the time to review your forms to make sure you are not at risk. Compliance can be a constant threat. Periodic review of operations, filing dates, and processes is a great preventative measure. Forms will always be a part of that mix. Contact us today to make sure your forms are not putting you at risk. Check our Compliance Support Here.