BIRMINGHAM, Ala., and TALLAHASSEE, Fla. (6/4/14)--The League of Southeastern Credit Unions (LSCU) is now offering ComplySight, a fee-based customizable, web-based compliance solution will help credit unions deal with ever-increasing regulatory demands.
Using ComplySight, credit unions can match specific products and services to track the regulations for each one. Regulatory alerts are tailored to a credit union's needs so the credit union is ensured that it remains in compliance, even with new and amended regulations.
ComplySight also offers a grading tool to ensure a credit union's compliance level is the highest possible.
"Easing the compliance and regulatory burden is always a top priority for credit unions," said Patrick La Pine, LSCU president/CEO. "By utilizing ComplySight, credit unions will stay up-to-date on regulations and significantly cut down on the time spent on compliance."
ComplySight is integrated with League InfoSight, an online compliance resource owned by several credit union leagues, and PolicyPro, an online policy manual that contains a suite of more than 200 model policies developed for credit unions by regulatory experts.
Once a credit union begins working with ComplySight, it can set up action steps to improve its compliance levels, set up program parameters and print out regulatory and compliance reports. This also helps to ease the examination process.
"Once credit unions begin using ComplySight, they will see that is it literally a universal compliance management tool. Many credit unions don't have the staff to concentrate solely on compliance and regulations, so ComplySight can become that employee," said La Pine.