The New Jersey Credit Union League is proud to offer our credit unions a full suite of compliance solutions designed to help your credit union reduce workloads, anxieties, and costs associated with compliance. 

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The New Jersey Credit Union League has partnered with AffirmX to assist us in providing top-notch audits and assessments to our credit union members. AffirmX combines patented technology and experienced analysts to help financial institutions stay on top of consumer regulatory compliance requirements. AffirmX leverages the latest in cloud-based technology to connect you with a team of experts to deliver a robust compliance solution.

By assembling management consultants, former regulatory examiners, attorneys, IT professionals, industry CEOs and audit specialists, AffirmX is revolutionizing the approach to the most time-consuming part of auditing: the searching for potential issues. Through a significant investment in technology and the development of a new audit paradigm, AffirmX cuts through the busy work of finding and interpreting information that must be acted upon. AffirmX presents credit unions with only relevant and timely information you need to act upon right now. This means much less searching and much more doing, and through the use of technology.

Available through our partnership with AffirmX, the New Jersey Credit Union League can provide the following audits and assessments solutions: 

 Audits: Assessments:
 Bank Secrecy Act (BSA) Audit  IT Security & Vulnerability Assessment
 Automated Clearing House (ACH) Audit  Enterprise Risk Assessment
 Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act Audit  Fair Lending Assessment
 Web Site Compliance Review  Vendor Management

 

AffirmX Risk Intel Center
The  AffirmX Risk Intel Center helps credit unions adhere to government regulations in a proactive and cost efficient manner through a patented, cloud-based platform that is customized and branded for your institution. The platform draws on internal and external data sources to develop risk-based priorities to help you quickly identify issues, reduce costs and streamline compliance management practices. Unlike checklist-based systems that place the burden for understanding compliance requirements on your team, Risk Intel Center combines easy-to-use workflows with expert analysis and a risk-based dashboard to help your team stay on top of compliance issues.

To help a credit union monitor for regulatory compliance, AffirmX periodically reviews a sampling of the credit union’s forms, disclosures, advertisements, files, documents, website and reports related to consumer and Bank Secrecy Act regulatory compliance requirements. Specifically, AffirmX will review documents within the credit union's Lending, Deposit, Marketing, and Operations functions.

Preview the Risk Intel Center through this quick video:  

For more information, please contact NJCUL Senior Vice President of Compliance & Regulatory Affairs, Nicola Foggie, at nfoggie@njcul.org or call 1-800-792-8861, ext. 112.