Credit Unions

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As noted by the WOCCU Credit Union Governance white paper, credit unions fundamentally differ from other financial institutions. For-profit financial institutions primary focus is to maximise the owner’s gain, so shareholder benefit is always prioritised at service user’s expense. For credit unions, the shareholders are the service users, and democratically every shareholder has an equal vote irrespective of their financial stake in the credit union.

Achieving the appropriate balance between depositors, borrowers and transactors interests, complying with local regulation while growing the business in a safe and secure manner to meet members’ future needs requires the implementation of good governance practices throughout the organisation.

Our cloud based ISO 27001 infrastructure allows a Credit Union of any size to deploy an enterprise wide Governance Risk and Compliance system with no additional capital expenditure

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