With so many different laws and regulations affecting the products and services offered by credit unions, ensuring compliance in all areas is a daunting task. Condit and Associates offers a cost effective Regulatory Compliance Audit Service to provide your credit union with the opportunity to have areas of Regulatory Compliance reviewed, to ensure compliance with credit union laws and regulations that affect your operations.
The review process has been developed to test regulatory compliance with respect to internal policies, procedures, documentation and disclosures. We will issue a report explaining our procedures and any findings and recommendations we may have for your Credit Union.
Pertinent Facts:
USA Patriot Act, Bank Secrecy Act, Currency Transactions and Economic Sanctions (OFAC) Compliance
ACH Compliance with NACHA Regulation
Internet-Banking (Esign) Compliance
IRS Information Reporting and Withholding Regulations
Privacy Regulations
Truth-in-Savings Act
Electronic Funds Transfers Act
Truth-in-Lending Act
For more information on Condit and Associates' Regulatory Compliance Service, please contact us.
