The Regulatory Environment for CREDIT UNIONS
is Changing Dramatically..
ARE YOU REALLY PREPARED?
Some Important Questions To Consider
- Are you confident that the policies and procedures of your Credit Union meet the changed regulatory requirements?
- Do you fully understand your new obligations in light of changes to Section 35 and Resolution 49?
- At board level, is it taking longer to make decisions on the right course of action?
- Are you confident you're getting the right advice, when you need it, and in a way that is understandable?
Making Decisions Without All Of The Facts,
Will Now Be Very Costly To The Credit Unions
Who Are Not Fully Prepared.
As you know, the global financial landscape has changed completely in recent times.
These changes have resulted in closer scrutiny on all financial institutions, hence the recent guidance notices and regulatory amendments to the Credit Union sector.
Unfortunately for most Credit Unions, their reporting systems are unlikely to be flexible or robust enough to meet the growing compliance burdens and tighter reporting deadlines. They also may not be able to provide the essential information needed to make critical decisions at a board level.
In Light Of These Changes, What Value Would You Place On Having The Support And Advice Of An Experienced and Trusted Financial Expert?
WDA (Whelan Dowling & Associates) has a proven track record in advising Credit Unions like yours in navigating the increasingly choppy waters of the regulatory environment.