Community Bankers for Compliance Program

As you know, there are many compliance regulations, and they are changing all the time. The challenge for you and your bank is to make sure that you and those responsible for regulatory compliance have the right information at the right time, and that this information is pulled together and managed effectively. The Community Bankers for Compliance Program (CBC) will help you and your bank do just that.  To learn more about how to enroll in this invaluable program click here.

The Independent Bankers of Colorado (IBC) is pleased to sponsor the CBC Program. Presented by Young & Associates, Inc., the CBC Program is the most successful and longest running compliance training program in the country and provides up-to-date information on compliance issues and developments in bank regulations, as well as proven techniques for maintaining your in-bank compliance program. In addition, it provides a forum for you and those responsible for regulatory compliance to discuss issues and exchange ideas with other community bankers.

Membership to the CBC Program consists of the following:
Live Seminars.
A live compliance seminar is provided each spring and fall. The topic is selected based on the most recent industry and regulatory developments which may have an impact on community banks. Each person attending the program will receive a detailed manual, written in full narrative, they can take back to the bank as a reference and training tool.

Quarterly Regulatory Update Webinars.
Quarterly Regulatory Update webinars will be presented. Each webinar will discuss current news and regulatory changes that may have an impact on community banks. Each webinar will take place at 11:00am and will be 1-1/2 hours in length including questions and answers.

Monthly Newsletter.
The Compliance Update newsletter is sent to program members each month. It provides an update of compliance issues that impact community banks.

Compliance Hotline.
Members of the program may call the Young & Associates’ toll-free number or visit their Web site on the Internet for compliance questions that arise on a daily basis. Young & Associates has many qualified professionals available to answer your questions. This service ensures that your bank is just a phone call away from the information you need in order to answer your compliance questions.

CBC Members Only Web Page.
This web page is reserved for banks that are registered members of the CBC Program. In it you will find special and timely information and tools provided by Young & Associates, Inc., that can be used to enhance the regulatory compliance function at your bank.

Regulatory Approval.
The CBC Program has passed the test of regulatory scrutiny. After the original program was developed in other states, the regulatory agencies recognized the increased understanding and ability to deal with regulatory issues by those bankers who were members. Since then, the program has received approval from the regulatory agencies not only for its comprehensiveness, but also for its practicality.

Compliance Manuals.
When you attend a seminar, you want to focus on the material being presented. It is often too difficult, though, to listen to a speaker and write detailed notes at the same time. For this reason, the CBC Program manuals are written in full narrative. This also enables you to take the materials to the bank as a reference to the regulations and as a training manual for other employees.

Program Flexibility.
To assure that CBC member banks receive the most out of their membership, the program is designed with flexibility in mind. We realize that job responsibilities change quite frequently within some banks, and for this reason, membership is granted to banks, not individual bank employees. This enables you to send your bank’s compliance officer, as well as an additional representative as the topics apply to the various areas of the bank. By sending these representatives to the sessions that matter most to them, you are greatly enhancing the bank’s ability to implement compliance throughout the bank.

Who Should Enroll?
The focus of the CBC is on regulatory compliance. It is essential that your bank’s compliance officer attend. But because regulatory compliance should be approached from a team perspective, many banks have also found it extremely beneficial to send additional employees to sessions on topics that relate directly to their positions in the bank. These employees typically come from the customer service, lending, or operations departments in the bank. To support this team effort, the CBC has been priced to enable your bank to send additional employees at a substantial savings.

Practical Solutions
Most community banks do not have the time or money to build elaborate compliance systems, but there is a solution. The CBC Program will provide practical, user-friendly compliance techniques and explain how they can be related to all areas of compliance. For example, setting up compliance files, developing training programs, responding to the examinations, and resolving disputes are among the areas that are reviewed.

Participant Interaction
The CBC Program is designed to assist you in receiving timely answers to their questions as well as testing techniques before implementation in the bank. The program provides a forum where each bank can be an active participant by asking questions and bringing concerns and compliance techniques for review by the group. This peer evaluation and two-way flow of information increases understanding and improves the bank’s effort toward a viable compliance program.

Membership
· $1,400 for the first person for IBC members
· $420 for each additional person for IBC members
· $2,800 for the first person for prospective IBC members
· $1,230 for each additional person for prospective IBC members

CBC Individual Seminar Fees:
· $335for the first person for IBC members
· $180 for each additional personal for IBC members
· $670 for the first prospective IBC member
· $360 for each additional personal for prospective IBC members

CBC Individual Webinar Session Fees:
· $200 for the first person for IBC members
· $150 for each additional person for IBC members
· $400 for the first person for prospective IBC members
· $350 for each additional person for prospective IBC members