LAKEWOOD, Colo. – Aux is reporting that its collaborative back office accounting and compliance services continue to attract new credit union clients.
“The year started out with a bang and has continued at a pace that is record-breaking for the CUSO, as new credit unions large and small, rural and urban find value in shared services,” Aux said. “As loss of staffing and cost of living drag on as organizational burdens - far longer than most of us expected – the benefits of outsourced/collaborative services are ever more appealing.”
Among the credit unions that have turned to the CUSO is Money One FCU in Largo, Md.
“The search for a competent CFO is daunting—candidates are either way too expensive or have no knowledge of credit union operations or core processing systems,” said Beverly Zook, president/CEO of Money One. “Aux fit the bill with its compliance expertise, core knowledge and extremely capable with CFO and accountant skills. The fact that Money One FCU saved money by reducing the department to one accounting specialist was the icing on the cake for us.”
The CUSO is reporting:
New Q3 2021 Accounting Services Clients
Money One FCU, Largo, Md., $135 million in assets
Worcester CU, – Worcester, Mass., $82 million in assets
White Crown FCU, Denver, $62 million in assets
Government Printing Office FCU, Washington, D.C., $31 million in assets
New Q3 2021 Compliance Services Clients
ILWU CU, Wilmington, Calif., $400 million in assets
Metro Community FCU, Huntington, W.V., $32 million in assets
Aux said its suite of collaborative back office services include full-service accounting and CFO-level services, full-service compliance (including marketing compliance) and training, and turn-key data analytics.
For info: auxteam.com/solutions/.