New Deposit & IRA Document Suite features a full library of deposit/IRA banking documents, in paper or electronic formats, for credit unions.
Wolters Kluwer Compliance Solutions has launched the Deposit and IRA Document Suite (DIDS), an offering that is tailored for credit unions. The Suite features a full library of deposit and IRA (individual retirement account) banking documents, with access to both tailored and static content, including IRA amendments, and unlimited rights to warrantied deposit disclosure language. This content is available in paper or electronic formats.
The Suite allows credit unions to monitor and adapt content for use at the federal, state and local levels, providing consistent and universal disclosure language. A compliance editor capability provides users with guidance in developing customized text for deposit disclosures.
“Trying to remain competitive, while managing increasingly unpredictable risks, regulations, trends, and consumer demands, is a challenge for many credit unions as they work to serve their members. And in the rapidly evolving financial services environment, where change in financial regulations is a constant, understanding the impact of those changes is critical to success,” said Steven Meirink, Executive Vice President and General Manager, Wolters Kluwer Compliance Solutions.
“Our DIDS solution frees credit unions from having to create their own disclosures—while continually monitoring for changes across multiple jurisdictions,” he added. “By leveraging the Wolters Kluwer team of compliance experts through this solution, users gain the security and confidence in knowing their IRA and deposit documents are consistent and compliant for their members.”
