Regulatory scrutiny has greatly increased in the Credit Union sector in recent years resulting, in many cases, in the twin issue of risk management and compliance occupying first place on CU Board agendas. In navigating the minefield that is staying up-to-date with the expectations of each regulator, credit unions must manage and control diverse matters across areas such as credit and strategic risk, and AML compliance, amongst many other items.
It is no longer an acceptable option to manage the myriad required actions that arise from risk assessments, audits, compliance monitoring, etc. on spreadsheets. Imagine having a single, integrated system that brings it all together, that helps to avoid inaccuracies, that provides immediate evidence of your credit union’s risk and compliance efforts, that facilitates ease of reporting, and that gives the Board and management team the insight to be able to confirm that governance, risk and compliance are being completely, and effectively, managed in the credit union.
CalQRisk, the online Governance, Risk Management & Compliance software, features a tailored solution for the Credit Union sector. The system is user-friendly, easy to implement and is backed up by our first-class support team. Regular feedback from our active user group influences the design and functionality of the solution, ensuring it continues to satisfy the needs of your credit union.