DES MOINES, Ill. (12/9/13)--PolicyWorks recently signed six credit unions for assistance with compliance strategy and implementation.
Jemez Valley CU, with $18 million in assets Jemez Springs, N.M., and $194 million asset Montana FCU, Great Falls, Mont., contracted with PolicyWorks for federal compliance support. PolicyWorks will partner with the credit unions in interpreting and implementing new regulations, and for evaluating the impact on their credit unions. PolicyWorks staff will also review the credit unions' disclosures, documents and new-product strategies for compliance with federal regulations.
Montana FCU will also take advantage of PolicyWorks' newly launched ComplyRight Mortgage package, which walks credit unions through the specific actions that need to be taken to properly implement the Consumer Financial Protection Bureau's new mortgage regulations. Anheuser-Busch Employees' CU, with $1.4 billion in assets, St. Louis, $863 million I.H. Mississippi Valley FCU, Moline, Ill., and $480 million Thrivent FCU, Appleton, Wis., have also signed on to use PolicyWorks' ComplyRight mortgage services.
FORUM CU, with $939 million in assets, Fishers, Ind., has contracted with PolicyWorks to ensure their newly restarted credit card program is in compliance with federal regulations.
Also, creative agency Play Creative Design has contracted with PolicyWorks to complete a comprehensive review of the marketing communication and documents it creates for credit union clients.