The challenge of keeping pace with the ever-changing compliance regulations!
Independent Community Banks of North Dakota is pleased to once again sponsor the annual Community Bankers for Compliance Program (CBC). The CBC Program is the most successful and longest running compliance training program in the country.
The CBC Program provides your bank with up-to-date information on the ever-changing bank regulations, as well as guidance for structuring and maintaining your in-bank compliance program. In addition, it provides a forum where those responsible for regulatory compliance can discuss issues and exchange ideas with other community bankers.
Membership to the CBC Program consists of the following:
- Live Regulatory Seminars – The live seminar topics are 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, that they can take back to the bank as a reference and training tool. The seminars are provided twice during the year.
- Regulatory UpdateWebinars - Four regulatory update webinars will be offered through the year. Each webinar will discuss current news and regulatory changes that may have an impact on community banks at each session.
- 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 website (www.younginc.com), 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, as well as tools provided by Young & Associates, Inc., that can be used to enhance the regulatory compliance function at your bank.
Program Flexibility
To assure CBC members are getting the most out of their memberships,this program is designed with flexibility in mind. We realize that responsibilities change quite frequently within some banks. 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 additional representatives 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 Attend
The focus of CBC is always regulatory compliance. It is essential that your bank’s compliance officer attend. However, because regulatory compliance should be approached from a team perspective, many banks find 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.
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. All programs will be available for Certified Regulatory Compliance Manager (CRCM) credit through the American Bankers Association.
Compliance Manuals
When you attend a seminar, you want to focus on the material being presented. It is often too difficult 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 the banker to take the materials back to the bank as a reference to the regulations andas a training manual for other employees.
Risk Management
The CBC is a proven method to reduce the risk of regulatory actions against your bank for reasons such as failure to establish a valid compliance management program, failure to establish compliance policies, failure to provide adequate compliance training, and failure to monitor compliance internally. In addition, with each change in regulatory compliance regulations, there is an increased risk of inadvertent compliance errors. The CBC reduces the possibility that these errors will occur becauseyour employees will have a greater understanding of the regulatory requirements.
Participant Interaction
The CBC Program is designed to assist members in getting 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.
2022 Annual Program Membership includes:
- Attendance at the Spring and Fall 2‐day live regulatory seminars
- Detailed manual for each two‐day live seminar
- Four Quarterly Regulatory Update webinars
- Monthly Compliance Update newsletter issued electronically
- On‐line and toll‐free access to Young & Associates for compliance questions
Cost for 2022 Annual Program Membership
- ICBND Members
- $1,500 for one attendee
- $1,800 for two attendees
- $200 per 2-day session for additional attendees after two
- Non-ICBND Members
- $2,000 for one attendee
- $2,300 for two attendees
- $300 per 2-day session for additional attendees after two
Individual 2-Day Live Seminars
- ICBND Members
- $950 for one attendee
- $600 for each additional attendee
- Non‐ICBND Members
- $1,450 for one attendee
- $1,100 for each additional attendee
Individual Regulatory Update Webinars
- ICBND Members
- Non‐ICBND Members
For more information and for paper registration, CLICK HERE.
Consent for Use of Photographic Images – Registration and attendance at, or participation in, ICBND meetings and other activities constitutes an agreement by the registrant to ICBND’s use and distribution (both now and in the future) of the registrant’s or attendee’s image or voice in social media, photographs, videotapes, electronic reproductions, and audiotapes of such events and activities.
