FI Compliance Solutions Provides Free Help to Banks and Credit Unions to Manage Risk

FI Compliance Solutions Provides Free Help to Banks and Credit Unions to
Manage Risk

KING OF PRUSSIA, Pa., July 7 /PRNewswire/ -- In the current economic
environment, financial institutions are facing increased scrutiny from federal
regulators and the public in general. With so many institutions failing,
vigilance and better management of risk are required.

FI Compliance Solutions today announced the release of GRC Pro version 2.0. In
keeping with the company's mission statement to provide industry-leading
solutions to help financial institutions manage risk, all financial
institutions are being offered free access to GRC Pro for three months.

"It is our corporate responsibility to provide a valuable service that will
help institutions strengthen their system of internal controls," said Eric
Strohl, President and CEO of FI Compliance Solutions. "One of the main reasons
we have so many failures is not due to unnecessary risk-taking but instead a
failure to incorporate sound risk management fundamentals. Many institutions
are operating with policies and procedures that are simply detrimental to the
health of the organization."

As part of the free service, financial institutions will be able to assess
their system of internal controls based on the key areas of their CAMELS
rating (Capital Adequacy, Asset Quality, Management and Internal Control,
Liquidity, Market Sensitivity). The self-assessment produced by GRC Pro will
determine how well they have implemented the safety and soundness standards
required by federal agencies and if the related risks have been mitigated.

Institutions will also be able to assess their policies for proper design and
operational effectiveness using GRC Pro's proprietary control design
evaluation tool. Once both assessments have been completed institutions will
be able to generate an executive summary documenting their risk profile, an
overall safety and soundness rating and a detailed report showing risks by
severity and category. An institution's board of directors and management can
instantly visualize how well their organization is in compliance with the
standards.

"By allowing financial institutions to access GRC Pro for free we strongly
believe they will be able to accurately evaluate their internal controls and
reduce their overall risk profile," said Strohl. "We encourage all banks and
credit unions to take advantage of this offer and guarantee they will find
tremendous value in this exercise whether they find minor issues that need
operational improvements or major exposures that need immediate attention."

A more detailed overview on this offering can be found at the company's Web
site: http://www.ficsas.com/grcproeval.php

About FI Compliance Solutions, Inc.

FI Compliance Solutions, Inc. provides highly focused corporate governance and
compliance solutions specifically for financial institutions. FICS solutions
are designed to help financial institutions implement simple and sustainable
risk management programs that satisfy Safety and Soundness Standards.
Headquartered in the Philadelphia area, FI Compliance Solutions serves banks
and credit unions throughout the United States and Canada. For more
information, visit http://www.ficsas.com.

Contact:

Kevin Miller
610-256-1525
kevinmill02@comcast.net

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SOURCE FI Compliance Solutions, Inc.

Kevin Miller, +1-610-256-1525, kevinmill02@comcast.net, for FI Compliance
Solutions, Inc.