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Welcome! ComplySight Webinar

July 10, 2014

• one-source compliance management and tracking tool as it streamlines the compliance process across the enterprise through a single application

• provides visibility and reporting of compliance activities

• assists in a credit union’s overall communication of compliance tasks

• supports a state of continual readiness for audits

• provides regulatory updates essential to maintaining credit union compliance

• ComplySight matches compliance needs with compliance gaps.

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ComplySight System Overview:

Evaluate

Risk Assessment

Compliance Assessment

Implement

Project Plans

Task Tracking

Compliance Grading

Document

Policies

Procedures

Comments &

Documents

Report

Dashboard

Reports

Assessments

Support

Consulting

Product Support

Training

InfoSight

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Evaluate:

• Assess levels of compliance within your credit union

service based on key regulations, rules and laws.

• Assign and track assessment and compliance

responsibilities and tasks.

• Evaluations based on a sliding scale completed by CU

personnel through a guided determination of

requirements and level of compliance.

Implement:

• Initially, credit unions select compliance areas and

factors that apply to the complexity of your specific

credit union and products and services offered.

• Manage and track activities needed to achieve or

maintain compliance.

• Tracking will be based on task management dates set

by credit union and regulatory requirements.

• Access InfoSight, training, etc.

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Document:

• Store policies and procedures.

• Store supporting documentation to support compliance

and risk rating.

• Logs to include progress through tasks and projects.

• Audit trail generated to protect integrity of product.

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Report:

• Dashboard to deliver current credit union compliance grade and status.

• Reports that can be customized by user to deliver:

o Assessments

o Cycle Status

o Areas Needing Attention

o Overdue Items

o Routing

o History

o Tasks

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InfoSight Support:

• Master-level access to each credit union system.

• System-wide reporting to identify trends and common

issues.

• Regulatory updates with task lists and focus items

automatically update system and generate tasks and

reminders.

Compliance Update Information:

• Alerts for Regulatory Updates

o Overview of change

o Detailed analysis of the change

o Summary of required actions

o Predetermined task lists

o Creates reminders

o Updates system for the affected compliance Item and Area

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• Basic Support (Onboarding and Phone support)

• Compliance Management Support

• Compliance Audit Services

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Basic Support (Onboarding and Phone Support)

• Provide for initial set up and training

• Provide ongoing software support for

maximum software application

Includes ComplySight license

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Compliance Management Support

In addition to Basic Support……

• Assist with ComplySight software management

• Provide review of policies and disclosures

• Identify compliance gaps

• Consult with staff on implementation of

recommendations

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Compliance Audit Services

• Mortgage and Consumer Lending Review

• Marketing Materials Review

• Annual Reviews:

• BSA Independent Test

• SAFE Act Review

• ACH Review

Custom ComplySight Packages

from PolicyWorks

• Support, basic ComplySight package, starts at $1500

• Package pricing is based on credit union asset size

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• Manage your compliance program from a centralized, user-friendly application

• Assess compliance levels through utilization of web-based software; assisting with identification of any compliance gaps

• Assign and track activities needed to achieve or maintain compliance

• Engage PolicyWorks staff to fully manage ComplySight for your credit union and/or provide individualized review in specific compliance areas

• Dashboard view for CEO and Board

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Thank you! For pricing and more information about ComplySight

and consulting solutions, contact:

Josh Reams, Business

Consultant

jreams@ohiocul.org

614-581-1657