LAKEWOOD, Colo.–Doug Burke, CEO of the CUSO Aux and the shared-branch network CUSO InNetwork, has announced plans to retire effective March 31.
The company has named Diane Parham as Burke’s successor.
Since CUSO’s founding in 1992, Burke has led the organizations from their origins as a shared branching CUSO, CU Service Network (CUSN), and then through the addition of back-office services in accounting and compliance and the CUSO’s rebranding in 2020 as Aux (back-office services) and InNetwork (shared branch network).
The organization noted Burke ran the original shared branch network for seven years as part of the Mountain West Credit Union Association, before it was spun off as CUSN.
“Under Burke’s leadership and direction, the CUSO has grown significantly and now serves over 200 credit union clients across 38 states,” Aux said in a statement.
‘New Chapter’
“After 37 years of helping credit unions across the country succeed and excel, it is time to start a new life chapter in retirement, and I have had the great pleasure to work with an awesome team of people over the years who also embrace the credit union mantra of people helping people,” said Burke. “I couldn’t have chosen a better career or group of people to do it with.”
Burke will be succeeded by Aux and InNetwork’s current CFO, Diane Parham. Parham joined Aux in 2019 as its CFO and led its Accounting Services team, after previously serving as CFO at Member’s Choice Credit Union in Houston.
Since joining Aux, the Accounting Services team has added CFO Consulting services and has experienced tremendous growth, serving over 45 credit unions ranging in asset size from $13 million to $800 million, the organization said.
Parham will become CEO of Aux and InNetwork on April 1.
‘Big Shoes to Fill’
“I am excited to take the reins from Doug and know that I have big shoes to fill,” said Parham. “Doug has created an awesome organization with incredible momentum that continues to have huge potential for growth. Aux and InNetwork provide much-needed services for all types of credit unions who seek to save time and money and add competitive expertise by outsourcing essential back-office functions or choosing shared branch advantages. I look forward to leading these organizations to help even more credit unions succeed.”
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