AuditLink, the audit and compliance division of CU*Answers, has seen continued growth in its Daily Log Management services. Daily Log Management includes monitoring of BSA, suspicious activity, OFAC scans, employee accounts, wire transfers, dormancy, teller transactions, and file maintenance reviews. Jim Vilker, VP of Professional Services and division leader said, “this is all about our shared execution business mantra where we create solutions for our clients to drive down the cost of audit and compliance and focus the duties rather than having them split across credit union staff.”

AuditLink recently signed its 86th client and has signed 12 new clients in the last year. “Over the last five years we have seen a constant growth rate exceeding ten percent year over year,” Vilker added. “Credit unions find that having an unbiased third party reviewing higher risk transactional activity gives them a second set of eyes reassuring them that our financial intelligence union is constantly paying close attention.”

Clients range from $4M to $850M in asset size and span across 15 states coast to coast. “Our service really gives our clients relief so they can focus on other important areas within their organization. This division of CU*Answers is all about compliance and cooperation.”

The team consists of 11 practitioners with designations ranging from Certified Anti Money Laundering Specialists to NAFCU Certified Compliance Officer. AuditLink’s vendor management service is also experiencing double digit growth.