Compliance Services Group LLC, a business focused on providing compliance and regulatory services to banks, credit unions and non-depository financial institution, is now joined with nationally known compliance expert Cliff Cook and his group, Compliance Services Inc.
John Bley, CEO of the newly reorganized company, says, “with the addition of CSI, we will be able to provide additional programs and services critical to help ensure that our clients are operating in the soundest regulatory manner as possible.”
“New regulations and changes to existing regulations happen on an almost daily basis,” says Cook, “and the burden of compliance and risk management is overwhelming to many financial institutions and very expensive.”
The former NW Compliance Group was created by a group of credit unions in Washington back in 2012 to share the costs of regulatory burdens and find efficiencies in compliance management.
CEO Bley, who was the first appointed director of Washington state Department of Financial Institutions in 1993, served nine years there before joining a large Seattle law firm.
The company will continue to operate from its Olympia office, but also allows its 15 full-time professionals to operating virtually, when appropriate.