Ncontracts’ Ncomply Endorsed by America’s Credit Unions for Compliance
America's Credit Unions Endorses Ncontracts' Compliance Solution
In a landmark development for the financial services sector, Ncontracts has announced that its innovative Ncomply solution has received an official endorsement from America’s Credit Unions. This partnership is pivotal for assisting credit unions in navigating the complexities of today's regulatory landscape.
Ncomply: The Compliance Management Solution
The Ncomply system is now recognized as the preferred compliance management tool for members of America’s Credit Unions across the nation. This web-based platform is designed to simplify compliance processes, offering credit unions a centralized system to research, track, manage, and report on regulatory requirements. This approach helps mitigate the risks associated with non-compliance.
Support from Industry Leaders
Tracy Blaske, Vice President of Solutions at America’s Credit Unions, emphasized the transformative impact of Ncomply. "Ncomply is a game changer for thousands of credit unions grappling with regulatory burdens. By using this tool, credit unions can save significant time and focus on their core mission of serving their members efficiently while navigating the complexities of compliance."
The Evaluation Process Behind the Endorsement
The endorsement followed an extensive evaluation process by America’s Credit Unions, which scrutinized Ncomply's capacity to cater to the distinct needs of state and federally chartered credit unions. This careful consideration underscores the commitment of America’s Credit Unions to provide the best solutions for its members.
Commitment from Ncontracts
Michael Berman, CEO of Ncontracts, expressed enthusiasm over the endorsement, stating, "We’re thrilled to receive this recognition from America’s Credit Unions. In an era of rapid regulatory changes and increasing scrutiny from examiners, our solution stands as a testament to our commitment to support credit unions in making compliance management both effective and less burdensome."
Key Features of Ncomply
Ncomply's robust features contributed to its selection as the top choice for America’s Credit Unions, including:
- Customized regulatory updates at both federal and state levels, covering key agencies like NACHA, Fannie Mae, and Freddie Mac.
- Simple and direct regulatory analysis along with actionable plans to ensure compliance.
- Bespoke compliance checklists tailored according to the asset size and products offered by individual credit unions.
- Management of policies, procedures, and complaints.
- Access to expert support and services.
- Seamless integration capabilities with other risk management tools.
- Regular access to informative content such as blogs and webinars.
Exclusive Benefits for Members
Ncontracts will extend special pricing and implementation support for members of America’s Credit Unions who are adopting the Ncomply platform. Additionally, support will continue for existing users of the association’s Credit Union Compliance Management System™ (CU CMS) and Credit Union Compliance Management System PLUS™ (CU CMS+), which is driven through Ncontracts' recent acquisition of Quantivate.
About Ncontracts
Ncontracts is renowned for providing integrated risk, vendor, and compliance management solutions to a growing community of over 4,000 financial institutions, including mortgage companies and fintechs throughout the United States. Their amalgamation of software and services enables institutions to fulfill their risk management and compliance objectives via an integrated, user-friendly cloud-based suite that includes vendor, organizational, audit, and compliance risk management.
About America’s Credit Unions
As the collective advocate for not-for-profit credit unions across the nation, America’s Credit Unions champions the interests of nearly 140 million members. The organization delivers equitable resources, strong advocacy, and critical support to enhance the growth and protection of credit unions and the communities they serve. For deeper insights into the services of America’s Credit Unions, visit their official website.
Frequently Asked Questions
What is Ncomply?
Ncomply is a comprehensive compliance management solution designed to streamline regulatory processes for credit unions.
Why was Ncomply endorsed by America’s Credit Unions?
The endorsement was based on a thorough evaluation demonstrating Ncomply's capability to address the unique regulatory needs of credit unions.
What are the key benefits of using Ncomply?
Ncomply provides customized regulatory updates, clear action plans, tailored compliance checklists, and expert support.
Who is Ncontracts?
Ncontracts is a leading provider of integrated risk, vendor, and compliance management software for financial institutions.
How can members benefit from this endorsement?
Members can access special pricing and implementation support when adopting the Ncomply platform.
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