PARK CITY, Utah — Credit unions considering forming a CUSO should ask themselves two key questions, according to credit union attorney Guy Messick, who also serves as NACUSO’s general counsel.
THE market
GRAND RAPIDS, Mich.–AuditLink, the audit and compliance division of CU*Answers, and Fortress Plus, a fraud management solution provider, said they have signed a partnership agreement to bring comprehensive software and services in the management and prevention of fraud to credit unions.
ORLANDO, Fla.–Maple Street has introduced the Vendor Advantage System, which it said is an innovative advancement in managing vendors that powers performance for community banks and credit unions.
CHARLOTTE, N.C. & HIGHTSTOWN, N.J. – Virtual StrongBox, Inc. and the New Jersey Credit Union League (NJCUL) said they are teaming up to improve compliance processes and cut costs for league-affiliated credit unions and auditors.
SAN DIEGO – Jack Henry & Associates, Inc.'s Symitar division announced that the Symitar Educational Conference (SEC) and TechConnect featured record attendance with approximately 1,000 credit union employees, 65 prospects considering a core system change, and 118 vendors.
HAUPPAUGE, N.Y.—Since the early days of Internet browsing, GrooveCar reports it has been providing a program for credit unions to reach members looking to research and shop for their next vehicle.
BROOKFIELD, Wis.–Fiserv has announced it has launched Prologue Credit Loss Manager, which provides support for the final Current Expected Credit Loss (CECL) standards from the Financial Accounting Standards Board.
CHICAGO–Nearly 30 credit union finance professionals got a healthy dosage of valuable balance sheet management practices from QuantyPhi President Kevin Chiappetta at CUNA’s Investment Certification School in Chicago.
MUSKEGO, Wis.– InterLutions, Corporate Central Credit Union’s business solution CUSO, reported it has added eight credit unions to its revenue enhancement service, CU-Save. An efficiency-optimization partner, CU-Save helps credit unions reduce costs and enhance revenues specifically related to card processing, the company said.
WASHINGTON–CUNA Strategic Services and CU RateReset said they have formed a new alliance to provide credit unions with a solution to retain existing loans and generate more loans while giving their members more power over products.