OnTrax: A Unique Compliance Case Study2016-01-29T14:50:39+00:00

Project Description

ONTRAX: A UNIQUE COMPLIANCE SOLUTION

Objective:

To satisfy the requirements of a CRA exam.

Analysis:

Growing from a Plano, Texas-based former credit union to a $227 million federal savings bank, this institution was in the midst of getting through a Community Reinvestment Act (“CRA”) exam with the help of MARQUIS compliance-side software and consulting services.

Action:

The institution had a heavier-than-allowed loan concentration in certain geographic areas, and was under scrutiny for these loans, running the risk of not passing the regulatory exam. With some in-depth MarketTrax reporting, the institution was able to show that the loan concentration occurred prior to the credit union’s conversion to a federal savings bank charter and came from “closed” branches, available only to the credit union membership. Since their charter conversion date, the MCIF was able to reveal a truly realistic (and exam-passing-quality) picture of the geographic loan distribution.

Results:

The MARQUIS Compliance consultant and the Marketing strategist joined forces to create a truly unique solution to a critical situation that may not have been resolved by relying on institution-only reporting capabilities.

SOLUTIONS USED

MARQUIS MCIF | MARQUIS OnTrax