A brand new partnership shaped between CUSOs Member Driven Technologies (MDT) and Comply-YES! will assist tackle a typical ache level felt throughout the credit score union trade – maintaining with compliance necessities.
According to a Monday announcement from MDT, its credit score union purchasers may have entry to compliance help and providers via the Warren, Mich.-based Comply-YES! These choices will embody workers and director coaching; coverage and process improvement, evaluation and upkeep; Compliance Management System (CMS) improvement, implementation and administration; oversight reporting to government administration and the board; and auditing and consulting providers.
MDT, based mostly in Farmington Hills, Mich., gives credit score unions with a personal cloud for core processing and IT wants, and hosts the Symitar core processing system from Jack Henry. Its different choices embody providers and help associated to digital banking, funds, lending, cybersecurity, imaging, enterprise continuity, catastrophe restoration, regulatory, consulting, information analytics, e mail internet hosting and {hardware} buying.
“We had been drawn to MDT as a accomplice as a result of as a fellow CUSO, they perceive credit score unions’ distinctive enterprise construction and are devoted to offering them with the instruments and applied sciences they want to serve their members and thrive in at present’s panorama,” Comply-YES! CEO Steve Dedene acknowledged. “We look ahead to serving to extra of MDT’s credit score union purchasers with auditing, consulting and compliance providers, serving to them enhance their regulatory posture and higher serve their members.”
MDT President/CEO Larry Nichols added, “The regulatory panorama adjustments at a fast tempo, which may be tough and time consuming for credit score unions to sustain with themselves. Comply-YES! is fixing for a major ache level, assuaging credit score unions from having to dedicate an inordinate period of time and assets to compliance to allow them to as an alternative give attention to their true aim: Providing significant member service. We are proud to accomplice with one other likeminded CUSO that shares our values and mission.”
Catherine Morey, vp of danger administration for the $612 million, Farmington Hills-based Alliance Catholic Credit Union, an MDT shopper that not too long ago started utilizing providers provided by Comply-YES!, commented, “It appears a pure pairing to have MDT and Comply-YES! crew up to present the wanted features of {hardware}, software program and compliance. We contemplate Comply-YES! our trusted compliance accomplice and look ahead to the affiliation with our trusted core system supplier for full service of regulatory and programs help.”
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