NEWS: PolicyAid has announced the quarterly additions & updates to its sample compliance policies.
All League members enjoy free access to PolicyAid as part of your dues-supported services (a $799 annual value.) PolicyAid (a service of ViClarity) offers a comprehensive online compliance policy library, giving credit unions access to more than 100 sample policies that you can download and adapt to fit your operations. The compliance experts at ViClarity amend the policies to keep current with changing regulations, Letters to Credit Unions, AIRES questionnaires, and best practices.
As of July 7, 2022, the following policies have been added/updated for your use:
- Wire Transfer Policy
- ACH Policy
Please keep in mind that the policies are intended to be used as templates and are not one-size-fits-all. Your credit union should tailor each policy to meet its individual needs. To help in that process, this document lists the PolicyAid samples that may need to be modified for Wisconsin law and briefly describes the Wisconsin legal issues that apply.