Credit Union

Regulatory scrutiny has greatly increased in the Credit Union sector in recent years resulting, in many cases, in the twin issue of risk management and compliance occupying first place on CU Board agendas. In navigating the minefield that is staying up-to-date with the expectations of each regulator, credit unions must manage and control diverse matters across areas such as credit and strategic risk, and AML compliance, amongst many other items.

It is no longer an acceptable option to manage the myriad required actions that arise from risk assessments, audits, compliance monitoring, etc. on spreadsheets. Imagine having a single, integrated system that brings it all together, that helps to avoid inaccuracies, that provides immediate evidence of your credit union’s risk and compliance efforts, that facilitates ease of reporting, and that gives the Board and management team the insight to be able to confirm that governance, risk and compliance are being completely, and effectively, managed in the credit union.

CalQRisk is the solution

CalQRisk, the online Governance, Risk Management & Compliance software, features a tailored solution for the Credit Union sector. The system is user-friendly, easy to implement and is backed up by our first-class support team. Regular feedback from our active user group influences the design and functionality of the solution, ensuring it continues to satisfy the needs of your credit union.

Key benefits of using CalQRisk:
  • Access to an always up-to-date knowledgebase of risk and compliance assessments;
  • Generate your risk & compliance reports at the touch of a button;
  • Document your actions arising from RMPs, Internal Audits, etc.;
  • Receive automatic recommendations for improving your credit union’s risk and compliance position, based on your response to assessment questions; 
  • Maintain compliance breach registers, policy breach registers, etc.
  • We are impressed with the enthusiasm and commitment of the CalQRisk Support and Development Team. They are proactive in regularly following up with their users to ascertain if there are any training or development needs.

    Miriam Curran
    Risk & Compliance Officer, Monaghan Credit Union
  • We found CalQRisk extremely helpful in the preparation of our Risk Register. It prompted us to put into place all the relevant policies and procedures that we needed.

    Anita Savage
    Manager, Kilmallock Credit Union
  • I like the way the systems puts structure into what is such a large body of regulation and risk mitigation requirements. The system’s instantaneous reports facility is very efficient.

    Jackie Murphy
    Risk & Compliance Officer, Newmarket Credit Union

Some of our clients include