Pub. 4 2014-2015 Issue 6

O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G C O L O R A D A N S R E A L I Z E D R E A M S May • June 2015 13 been very helpful; we have questions and they’ve been back to us within hours,” she says. Burgel is a one-person compliance department for The Henry County Bank, a $250 million community bank in Napoleon, Ohio. “Because we are small, we wear a lot of hats around here.”Templates for policies, checklists and flowcharts are all Compliance Alliance resources Burgel mentions by name that make her job easier since her bank signed up last September. LuAnn Fries, an internal auditor with Planters Bank based out of Hopkinsville, Ky., has also been tasked with serving as a one-person compliance department. Fries and Planters Bank started using Compliance Alliance in July 2014. “They have the monthly compliance huddles to talk with fellow compliance officers about their exams and hear what issues they’re having,” she says. “That’s really helpful and so are all their free webinars I participate in.” Between Compliance Alliance and her fellow compliance officers she’s built relationships through the huddles, Fries has more sources of support than ever before. Supporting community banks Compliance Alliance is a support system for banks large and small, and for compliance officers like LuAnn Fries and Sandra Burgel — so community banks can put their resources into helping to build and grow their communities. According to the Federal Reserve Bank of Minneapolis, if your bank hires an additional employee to help with compliance, your profits may shrink as much as 37 percent. That’s where consolidating costs across all of Compliance Alliance’s members come in. Members of Compliance Alliance have reported that having this resource has allowed them to refrain from hiring additional full time employees. The products and services that Compliance Alliance brings to the table serve as a bank’s researcher, advisor, review specialist and document creations expert. With unlimited access for all bank employees, a membership with Compliance Alliance frees up time for not only the compliance officer but employees throughout the bank. Managing compliance for an $835 million asset size bank with eight branches is a lot for one person to handle. “It’s nice being able to ask questions without having to do the research all by myself and using their resources without having to create my own — it saves me a lot of time,” Fries says. Our products and services include: • The most comprehensive set of bank compliance tools and documents, with more than 1,000 available for download • A compliance hotline available by phone, live chat and email from 7 am to 6 pm Central to answer all your compliance questions • Reviews of advertising/marketing, policies, procedures, disclosures and new products and • Unlimited use of the compliance hotline for one flat annual fee (including number of users, downloads, reviews and questions). Compliance Alliance provides unique access to tools and resources designed specifically to assist banks in keeping up and staying ahead in an ever-changing regulatory environment. Membership Benefits For more information, visit www.compliancealliance.com or contact us at: (888) 353-3933 info@compliancealliance.com 