Wolters Kluwer Financial Services announced today that Honda Federal Credit Union (Honda FCU) has selected the company to help update its master disclosure document quickly and in compliance with state and federal requirements.
Honda FCU’s Master Disclosure had grown to more than 42 pages, with much of its content no longer relevant to the credit union’s current member base. Simplifying the document while ensuring it met state and federal law would be a time and labor-intensive task for the credit union, according to Mary Morikawa, Honda FCU’s Compliance Manager.
“That’s why I decided to call Wolters Kluwer Financial Services,” she said. “I had worked with them on disclosures at another credit union and found them to be knowledgeable, responsive and professional.”
Morikawa, along with Honda FCU representatives from the operations area, marketing and corporate training, were all part of a team that worked on the master disclosure project with a Wolters Kluwer Financial Services’ account representative and project manager. During this time, Wolters Kluwer Financial Services’ team members were in constant contact with the credit union, and helped keep the project on track. As a result, Morikawa and the Honda FCU staff are excited about their new master disclosure document, which is half its original size while compliant with state and federal law.
“To be honest, we didn’t anticipate that it would be this easy,” said Morikawa. “Wolters Kluwer Financial Services was so in-tune with what we needed and the support from the account representative and project manager was unparalleled. Partnering with Wolters Kluwer Financial Services made the entire process go much more smoothly than I ever could have imagined.”
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include: FRSGlobal, ARC Logics for Financial Services, PCi, Compliance Resource Network, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services supports its global customers with more than 30 offices in 20 countries and is a leading worldwide provider of compliance and risk management solutions for the financial services industry, serving more than 15,000 banking, insurance and securities customers across the globe. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2010) €3.6 billion ($4.7 billion) and approximately 19,000 employees worldwide. Please visit our website for more information.
ContactJennifer Marso
Senior Director of Corporate Communications
Wolters Kluwer Financial Services
(+1) 612-852-7912
Jennifer.marso@wolterskluwer.com
On Twitter: @JenniferMarso
Charles Miller
Corporate Communications Manager
Wolters Kluwer Financial Services
(+1) 320-240-5457
Charles.miller@wolterskluwer.com
On Twitter: @CharlesWMiller