LAKEWOOD, Colo.–Aux, a CUSO that provides back office solutions, is reporting four new credit union clients have selected its collaborative accounting and compliance services.
:As lack of staff and increases in cost of living continue to be an enormous problem for credit unions, executives are finding outsourced/collaborative services to be the solution,” Aux said.
The benefits of key person risk mitigation, staffing consistency, and training that these outsourced services provide are additionally compelling to credit union executives, the CUSO added.
“As a smaller credit union, marketing compliance was something we struggled with,” said Kate Mason, director of marketing and community relations at Northwoods CU, Aux’s new compliance client, comments. “The staff would proof our collateral, but they weren’t knowledgeable in advertising regulations. Luckily, we never ran into a problem, but it would sometimes allow for small mistakes to slip by and a lot of anxiety.
“Partnering with Aux has given us the confidence to know our marketing pieces are compliant and appropriately proofed,” Mason continued. “They are incredibly easy to work with, get back to us quickly and we love that they have three people review each piece. We recently hired a new marketing person with no credit union/financial experience and having Aux onboard has saved us so much time and allowed him to feel confident in releasing marketing pieces while he’s still learning all of the regulations.”
New Compliance Services Clients
Aux reported its new Compliance Services clients include:
- Power CU, Pueblo, Colo., $98 million in assets
- Rio Grande FCU, Albuquerque, N.M., $345 million in assets
- Northwoods CU, Cloquet, Minn., $120 million in assets
New Accounting Services Client
- Howard University EFCU, Washington, D.C., $10 million in assets
Aux said its suite of collaborative back office services include full-service accounting and CFO-level services, full-service compliance (even marketing compliance!) and training, and turn-key data analytics. For info: auxteam.com/solutions/.