Solutions To Improve Credit Union Compliance
Our credit union compliance solutions are integrated with our other services including statement printing and mailing, tax form processing, mail marketing services, and eStatements. PrintMail takes a personalized approach to each of our clients and customizes solutions as needed. If you don’t see the service you’re looking for, just ask!
- Welcome Letters and Special Fulfillment Packages
- Compliance Letters and Notices
- Privacy and Loan Documentation Mailings
- Tax Forms
- Account Statements
- Credit Card Billing
- Electronic Delivery
- Mortgage Letters, Statements, and Notices
Credit unions’ biggest security concern is the handling of Personally Identifiable Information (PII). For example, member social security numbers, full names, birth dates, addresses, and other sensitive information can be used alone or combined with other data to identify, locate, or contact an individual person. Federal, state and industry regulations dictate how PII should be collected, disclosed to third-parties, and secured. PII rules affect most pieces of mail credit unions send, so you must do it right or you will face fines. Outsourcing your compliance communication and other mailing removes the in-house burden of following and adhering to so many laws.
Besides the higher number of regulations, there has also been an increase in the amount and length of communications credit unions are required to send. These additional rules, due to the Truth in Lending Act, are also burdensome for small credit unions that now have to process even more communication materials that contain PII. When you combine these federal financial regulations with state law, industry rules, and the specific requirements of the USPS, it makes perfect sense to outsource your compliance communication strategy to an experienced company like PrintMail. You’ll maintain the quality and security your members rely on while making your in-house operations more efficient and cost-effective.