Always a fun and informative time with CU Service Network's Vice President of Compliance Gaye DeCesare -- and that's saying a lot when the main topic is regulation overload. So kudos to Gaye for keeping it light, yet practical for us.
But before we ventured into the land of compliance, we discussed the fairly recent news of COMPASS 4 CUs becoming a part of CU Service Network and what that means for credit unions nationwide -- especially in these turbulent times with regulations upon regulations being heaped on our heads.
Which brought us to the meat of our conversation: the state of compliance in our industry today. Gaye said that credit unions need to take a "wait and see" approach to the current climate based on what's happening in our country's administration. Will there be a reduction in regulations? Only time will tell.
But this doesn't mean to rest on one's laurels. Gaye adds that we all still have to work diligently to maintain compliance even if such changes occur. So steady as she goes and keep doing what we're doing to maintain -- and lend a helping hand to those smaller credit unions short on resources in this area, as well.
Check out our conversation wth Gaye for all the details and let us know your thoughts. Enjoy!
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.