Regulatory scrutiny has become the norm for credit unions, meaning that in many cases the twin issues of risk management and compliance now occupy first place on 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, among many others.
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.
‟First Choice Credit Union have been using CalQRisk for over five years. Everything you need is in one place and all the important information is available at the touch of a button. CalQRisk takes the manual work of spreadsheets out of risk management. All the information, risks and reports are available in one location, so it makes day to day reporting easy.
The customer support is great and we know that we can always get in touch with the team, like Ray or Chris, to get the answers to our questions at any time.
The system is user friendly and easy to use. We would recommend it to anyone looking to streamline their risk management processes. ‟
Risk Management Officer and Deputy CEO,
‟New Ross Credit Union have been using CalQRisk since February 2023.
The Transition to CalQRisk has been seamless and smooth.
At New Ross Credit Union, we recognise that Risk Management and Compliance is at the forefront of our Credit Union and that it is the most important and integral part of the Business.
The transition has been so easy with the help and assistance of an excellent team, Chris Hanlon and Eimear Farrell.
CalQRisk is so user friendly it takes all the manual work out of using spreadsheets. Everything you need is in the one place, such as risk compliance and reports, so when it comes to reporting its at just one click of the button.
CalQRisk Management system has assisted us in consolidating down and streamlining our risk register as per CBI Expectations. As Risk Management is forever changing, CalQRisk has a whole risk Library which allows you to add other risk to the risk register.
New Ross Credit Union has been also using the incidents module, which is laid out clearly and concisely. Reports related to incidents are available instantly. As a risk manager, CalQRisk has laid out all the up-and-coming changes to Risk as part of its Risk Advisory Service.
The system is so user friendly with everything in the one place we would highly recommend this going forward.”
‟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 ‟