HARRISBURG, Pa. — With an eye toward easing the complianceburden, the Pennsylvania Credit Union Association has purchased anonline library of policies and is making them available for free tomembers.
|It is the first time that a league has purchased the genericset, called Policy Pro, and offered it at no cost, said theMichigan Credit Union League which sold the Policy Pro package toPCUA.
|“Policy Pro will be a tremendous benefit to all credit unions,”said PCUA Chair Diana Roberts. “This is a product that would costcredit unions hundreds of dollars if they had to purchase itthemselves.”
|Policy topics include human resources, third-party duediligence, accounting issues, Bank Secrecy Act, and red flags.There are more than 200 policies in the Policy Pro package whichare then adapted by individual CUs.
|The Michigan League said there are more than a dozen leaguesthat either have subscribed or partnered to offer Policy Prothrough the league's CUcorp subsidiary.
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