METAIRIE, LA (March 19, 2013) – Louisiana Corporate Credit Union is preparing for the future by selecting FI Compliance Solutions, Inc. to supply enterprise risk management services. FI Compliance Solutions’ ERM 365 solution provides leading technology and expert support to assess, monitor, and control risk, enterprise-wide, while lowering the cost of regulatory compliance.
“We provide financial institutions with a service that combines the power of software, service, and support to help our customers build and maintain an effective ERM program,” said Eric Strohl, President & CEO, of FI Compliance Solutions “Consistent reporting, customizable executive dashboards, and email alerts and notifications are just a few of the tools we use to make risk monitoring simple.”
In accordance with NCUA regulation, Part 704.21, corporate credit unions must implement an enterprise risk management policy by April 29, and the Corporate is well ahead of this deadline.
“Louisiana Corporate is committed to ensuring its safety and soundness on behalf of our members, which includes having a company-wide focus on risk management,” said David Savoie, President and CEO of LaCorp. “When looking for ERM expertise, FI Compliance Solutions stood out as the best fit to meet our requirements. The Company has user-friendly software and a track record for good customer service. We look forward to working with them to maintain our strong, healthy standing.”
Savoie and, Kim Ramagos, LaCorp’s CFO, attended the CUNA Enterprise Risk Management Certification Institute in December and received the designation of Credit Union Enterprise Risk Management Expert (CUERME).
About Louisiana Corporate Credit Union
Louisiana Corporate offers a wide range of investment, liquidity, and correspondent financial services. Located in Metairie, La., LaCorp serves the investment, correspondent, and liquidity needs of more than 100 credit unions. The corporate was founded in 1984, and is a service-oriented financial partner for credit unions in Louisiana and other surrounding areas. For more information, visit www.lacorp.com.
About FI Compliance Solutions, Inc.
FI Compliance Solutions, Inc. provides corporate governance and compliance solutions for financial institutions. FICS solutions are designed to help financial institutions implement simple and sustainable risk management programs that satisfy Safety and Soundness Standards. Headquartered in the Philadelphia area, FI Compliance Solutions serves banks and credit unions throughout the United States and Canada. For more information, visit www.ficsas.com.