Compliance Solutions
The Dakota Credit Union Association (DakCU) assists member credit unions in finding cost-effective compliance solutions to help reduce regulatory and compliance burdens. DakCU Compliance Solutions is a hub for connecting credit unions with these solutions and is in addition to the dues-supported solutions already available to our members such as the compliance hotline, CU Policy Pro, and InfoSight.
Contact Amy Kleinschmit for a demo, pricing, and questions on any of these solutions akleinschmit@dakcu.org or 701-250-3964.
Contact Amy Kleinschmit for a demo, pricing, and questions on any of these solutions akleinschmit@dakcu.org or 701-250-3964.
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InfoSight provides immediate access to current compliance topics which explain: What is the issue (in laymen’s terms); How it affects credit unions; What credit unions need to do — the action steps needed. InfoSight also provides helpful tools, such as frequently asked questions and checklists. InfoSight is provided as a FREE benefit of membership for affiliated credit unions.
New tools: Check Deposit Notice Generator – Consistently and objectively prevent all check losses for your members and credit union. Your credit union is exposed to thousands of dollars in liability on every check taken for deposit. Now you can prevent large check deposit losses, reduce significant expenses and provide demonstrably consistent beneficial member service in seconds. Account Insurance Estimator – Estimate all key NCUSIF coverages and sell more profitable products and services. Your credit union has hundreds of thousands (if not tens of millions) of members’ funds in the NCUSIF with very little return for members. Now you can estimate all key NCUSIF coverages, promote your credit union and sell more products and services instantly. |
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Online policy service providing more than 230 complete operation model policies for credit unions. Full policy management system allows credit unions to edit, store, audit, distribute, and archive policies. Assignments, alerts and reminders help credit unions keep their policies up to date as regulations change over time. CU PolicyPro is provided as a FREE benefit of membership for affiliated credit unions.
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DakCU has partnered with another state association that has developed and shared with us CECL resources geared toward helping small credit unions across the country meet the new CECL requirements.
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Custom Performance Reports are provided bi-annually as a benefit of your DakCU membership. The reports highlight and measure many areas of performance, including loans, shares, fee and other income, capital analysis, and liquidity trends, just to name a few. The analysis helps credit unions assess their performance levels by comparing this year’s results with previous results, by comparing trends in relation to your peer group or other benchmark, and by graphical information that provide additional insight into your credit union. This is provided as a FREE benefit of membership for affiliated credit unions.
Contact Paige Langhoff to request your copy. |
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The RecoveryPro Disaster Planning Manual provides an organized approach to developing your business continuity plan. From identifying potential risks to creating emergency procedures to documenting procedures for restoring key technologies and services for your credit unions, RecoveryPro will guide you through it all.
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ComplySight includes 16 areas of compliance and over 700 compliance factors for self-evaluation and self-grading. As a self-evaluation tool, a credit union can assess its regulatory compliance risk and identify potential trends or areas of possible noncompliance for immediate corrective action.
ComplySight also includes a comprehensive complaint management system to track complaints to ensure responsiveness and responsibility with reporting to identify potential trends or areas needing improvement. The system allows the credit union to assign tasks to employees and record corrective action. |
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Through the Dakota Credit Union Association partnership with AffirmX, we are pleased to present a full suite of compliance solutions for credit unions in the Dakotas. These tools have been designed to help your credit union reduce workloads, anxieties and costs.
In addition to the Compliance Monitoring solution, AffirmX offers a suite of solutions including Fair Lending Assessments; Loan File Reviews and Internal Audit Outsourcing – just to name a few. BSA/ACH/Website and SAFE Act audit package. Experience how easily AffirmX can help reduce risk management workloads, anxieties and costs with our Four Report Package, each of which is critical to a healthy compliance program: BSA Independent Audit Annual ACH Independent Audit; Annual SAFE Act Independent Audit; Website Compliance Review (any audit may be omitted with a price reduction). |
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PayLynxs is an easy-to-use, affordable compliance automation software service for AML, BSA and Watch List scanning. The software comes with out-of-the-box default settings in place so that you can start using PayLynxs immediately. PayLynxs is pre-integrated with most major core data processors to receive overnight batch files.
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Credit Union Compliance Management System™ (CU CMS) is specifically designed for credit unions to streamline the entire regulatory compliance process. It’s your newest DakCU member benefit.
CU CMS is an intuitive, scalable compliance solution that includes timely regulation alerts, guided workflows and an advertising review tool, as well as a federal and state law and regulation library, evidence tracking, RISK alerts from CUNA Mutual Group and an easy-to-use dashboard. |
Training |
Your Dakota Credit Union Association offers cost-effective, quality education options designed to meet the specific training needs of volunteers, staff and management. Train as much as you want, without ever leaving your office! Participants may choose from options like OnCourse Learning, Credit Union Webinar Network, or the CUNA Professional Development Online, the premier web-based training service for the credit union industry.
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Dakota Credit Union Associations’ services and products are provided with the understanding that they do not
constitute nor should be relied upon as legal advice. For specific legal advice, please consult your credit union’s attorney.
constitute nor should be relied upon as legal advice. For specific legal advice, please consult your credit union’s attorney.
