The credit union world recently had two important events, which focused on credit union regulations and compliance. One allowed credit union executives to speak out against burdening regulations and advocate for the changes they wished to be made. While the other taught executives how to tackle complicated regulations and compliance issues that are current to the industry. These events were the NAFCU Congressional Caucus in Washington, D.C. and the Mountain West Credit Union Association’s Regulatory Compliance School in Denver, CO, respectively.
For credit unions and their officials, [complicated] regulations and compliance issues are extremely important. They not only pertain to the financial institution, but also ensure the well-being of their members’ finances. As a credit union compliance professional, it is only right to be understanding of these topics in order to maintain credibility and keep the show running as planned.
Both events proved to be informative, and served to benefit attending credit union executives. Were you there? Although we were not, we hope you will share your thoughts on what caught your attention and how it impacts the credit union industry.
The best way to tackle most issues is to come from a place of understanding and experience. This perspective can provide detailed accounts regarding the issues and show a first-hand look at what is happening. When it comes to industry issues, this all still applies because you are the best proponent for your credit union. You know how the industry’s regulations shape the way you do business and how they affect key areas of what you do.
As these events come to an end, the challenges and importance of compliance issues become apparent. Attendees should now know the significance of compliance, and here at Oak Tree Business Systems, Inc., we do too. As a leading provider of compliant forms and disclosures for credit unions for over 30 years, we can assure our customers that we follow all regulatory guidelines. Be sure to check out our products and services page for a complete list of what we provide, and feel free to chat with us if you have any questions!