/LSCU+Regulatory+Resources

Regulatory and Compliance Resources Available to Member Credit Unions The League of Southeastern Credit Unions (LSCU) has a number of regulatory and compliance resources available to credit unions. The League has put a renewed emphasis on regulatory and compliance support to give credit unions a place to turn when they need assistance.

Visit www.lscu.coop for many of the League’s resources.

Compliance Resources Available to You:

If your credit union needs help in the compliance area, the League is here to help. hh The League offers a compliance helpline, 866.231.0541, for assisting credit unions with compliance and operational issues. Credit unions can call the helpline to ask questions and get the support they need. hh League InfoSight is an online compliance resource that maintains updated federal and state regulatory information including summaries, FAQs, checklists, and model policies. The policies should not be implemented straight from the website, but they are a good starting point for putting policies in place. Visit the LSCU website for more information.

hh The League distributes quarterly state specific economic profiles and quarterly Custom Performance Reports for credit unions to help them gain a better understanding of their financial picture as compared to their peers.

If your credit union needs regulatory, compliance, or operational support, contact LSCU VP, Regulatory Affairs Bill Berg 866.231.0545, ext. 1028 or Director, Compliance Scott Morris at ext. 2165.

Education and Training LSCU Education and Training offers more than 80 webinars with many of the topics focused on areas of compliance.

The League has workshops on the Bank Secrecy Act, Disaster Recovery, and Regulatory Compliance Updates while also working with credit union chapters to provide regulatory and compliance training.

For more information about Education and Training, contact LSCU Event Coordinator Brandy Norvell at 866.231.0545, ext. 2172.

Small Asset Size Credit Union Resource The LSCU offers Small Asset Size Credit Unions ($35 million and under in assets) a $400 voucher under the League’s Small CU Initiative Account program.

This voucher can be used for any League, LEVERAGE, or CUNA product or service. It’s perfect for a webinar, education session, or compliance product.

For more information on the voucher program, contact LSCU VP, Cooperative Initiatives Laura Vann at 866.231.0545, ext. 2181.

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Regulatory and Compliance Products Available to Member Credit Unions LEVERAGE, the LSCU Service Corporation, has a number of fee-based regulatory and compliance products available to credit unions. LEVERAGE has an ongoing emphasis on regulatory and compliance solutions to assist credit unions when they need it.

Visit www.myleverage.com for many more LEVERAGE resources.

CU/ACE Can Help Your Credit Union LEVERAGE helps credit unions remain compliant and meet examiner requirements. CU/ACE consulting services will ensure safety and soundness for credit unions. hh Supervisory Committee Audits to ensure compliance with regulatory standards hh ACH Audits pursuant to NACHA operating rules which require this to be done on an annual basis hh BSA audits and OFAC Assessments If your credit union is interested in LEVERAGE’s CU/ACE services, contact Director, Management Consulting Services Angelic Prichett at ext. 2133.

Compliance Execution On Time, On Task, Guaranteed With numerous resources available to credit unions on compliance guidelines and information, it can be difficult to know and manage the right way of implementing new policies and procedures. LEVERAGE’s Automated Compliance Solution, powered by ComplyTrac, provides a system with procedural controls to meet compliance requirements on a single platform.

Credit unions see a reduction in costs, an easier method for performing tasks, and a more effective process for meeting compliance regulations. It also eliminates the risk of unforeseen expenses responding to regulatory changes.

Program Benefits: hh Complete & Effective Execution of Compliance Policies & Procedures hh Reduced Costs on Compliance Consulting hh Back Office Productivity Increase hh One System for Organization of All Policies & Procedures hh Quicker Adoption of New Products with Improved Compliance Agility hh Peace-of-Mind during Audit Time For credit unions that want to know more about ComplyTrac, contact LEVERAGE Director, Compliance Solutions Rosanna Jacobsen at 866.231.0545.

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