cuasterisk.com Audit Link, a new division of West Michigan-based CUSO CU*Answers, announced a successful conclusion to the 2008 fiscal year, surpassing client growth expectations by 100%.
CU*Answers says this unique division was created to assist credit unions utilizing its CU*BASE system in being better prepared to face growing daily compliance and internal auditing requirements. Daily monitoring activities are completed by the team of Audit Link specialists, allowing the credit union to redirect its internal staff to other important activities. Audit Link features a consistent stream of audit reports presented to each client’s management team, and delivers a high level of internal audit processes for which many credit unions have been lacking.
Jim Vilker, Business Manager of Audit Link, says “The enthusiasm of client’s utilizing this service has exceeded our 2008 growth projections by 100%. We currently have 20 credit union’s either using Audit Link, or contracted to start during the first quarter. This service is a great example of how credit unions can collaborate to craft a service as based upon a common need, reducing everyone’s cost and redirect various staff to better serving members.”
About the Partner
CU*Answers
CU*Answers offers expertise in implementing technical solutions to operational needs, and is a leader in helping credit unions form strategic alliances and partnerships. CU*Answers provides a wide variety of services for credit unions including its flagship CU*BASE processing system (online and in-house) and Internet development services featuring It’s Me 247 online and mobile banking. Additional services include web development, network design and security, and image check processing. Founded 40+ years ago, CU*Answers is a 100% credit union-owned CUSO providing services to credit unions representing nearly 1.5 million members and $10 billion in credit union assets. For more information, visit cuanswers.com.
Xtend
About Xtend (www.xtendcu.com): Xtend, Inc. is a 100% credit union-owned CUSO formed in 2002 with headquarters in Grand Rapids, Michigan. Xtend provides a wide array of managerial, operational, marketing, technical planning and consulting services for credit unions of all sizes. In short, Xtend is an aggregation point for shared resources that allows credit unions to deliver products and services more costeffectively. Their strategic offerings include bookkeeping services, inbound and outbound member contact services, back-office mortgage services, partnered liquidity opportunities, shared branching, compliance monitoring, and insurance services. Xtend provides services for over 100 credit unions representing more than 1.2M members and $8B in assets. The CUSO is currently owned by 56 credit union partners.
