MADISON, Wis. – The Credit Union National Association (CUNA) has disclosed the recipients of its compliance excellence awards, and winners will be recognized at the CUNA Regulatory Compliance School on September 25-30 in Tempe, Ariz.
This is the first time CUNA has given its Compliance Award, an honor that recognizes "outstanding achievements" in credit union compliance management. There are two winners for 2016, one individual and one credit union.
Bert Beaulieu, vice president of compliance of Down East CU, a $155-million institution based in Baileyville, Maine, was the individual winner, along with Universal 1 Credit Union, a $404-million institution based in Dayton, Ohio.
Specifically, Beaulieu – who has more than 41 years of credit union experience – is receiving CUNA's 2016 Compliance Champion of the Year Award, which honors an individual who has offered outstanding compliance leadership.
"Mr. Beaulieu's mentoring, leadership and passion for educating other compliance professionals stood out as the exceptional achievements that moved our judging panel," said the CUNA judges.
Universal 1 CU won CUNA's 2016 Compliance Impact Award, which honors a credit union which has demonstrated that their compliance efforts had a direct impact on minimizing reputational, financial, or operational loss within their credit union or community.
"Universal 1 Credit Union's proactive, holistic approach to compliance most impressed our judging panel," said the judges.
"By combining their regulatory expertise with innovative practices and skillful operational strategy, we could not have chosen a finer group of inaugural recipients for these awards," said Tracy Blaske, Director of Compliance Education at CUNA. "Both of these winners serve as role models when working through the tough compliance challenges our industry faces."
The following awards will also be given:
- Joyce Johnson Keehan, compliance officer at $4.5 billion-asset Hudson Valley FCU: Best in Class Compliance Champion of the Year (CUs with assets of more than $500 million)
- Elaine Evans, manager of quality control at $62 million-asset Marion Community CU: Best in Class Compliance Champion of the Year (CUs with assets of less than $100 million)
- Oregon Community CU: Best in Class Compliance Impact Award (CUs with assets of more than $500 million)
