LAKEWOOD, Colo.– Collaborative back office CUSO Aux is reporting that with 11 new credit unions and one mortgage CUSO partnering with Aux for outsourced services in accounting and compliance in Q4, it experienced a record-breaking year in sales.
“2021 started out with a bang and has continued at a tremendous pace as credit unions find value in shared services as the Great Resignation and inflation burden the credit union industry,” the CUSO said.
Aux reported it has seen “credit unions of all shapes and sizes impacted by current staffing conditions and can quickly step in and assist with robust back office support.”
“We chose Aux for their competitive and comprehensive compliance offerings, and for their outstanding reputation for quality and client support,” said Lisa Fornal, VP-risk management at Financial Resources FCU, a new Aux compliance support client.
In addition, Aux said its clients appreciate not just the quick turnaround, but also economic value of a collaborative model.
“We chose Aux because we needed assistance with a broad approach to our credit union’s compliance, as we are not ready to hire a full-time compliance person yet. To serve as a bridge until that time, we are hoping Aux will provide us with the assistance we need at a fraction of the cost,” said Scott Husted, CFO/CTO at Riegel FCU.
New Q4 2021 Accounting Services Clients
- Act 1st FCU – Lavale, Md.
- CDC FCU – Atlanta
- Dover FCU – Dover, Del.
- Florida Rural Electric CU – Tallahassee, Fla.
- Fort Community CU – Fort Atkinson, Wis.
- MariSol FCU – Phoenix
- True Sky CU – Oklahoma City, Okla.
- Uniwyo CU – Laramie, Wyo.
New Q4 2021 Compliance Services Clients
- Centennial Lending – Firestone, Colo.
- Financial Resources FCU – Bridgewater, N.J.
- Mocse CU – Modesto, Calif.
- Riegel FCU – Milford, N.J.
Full Suite of Services
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 data analytics designed for small and mid-sized credit unions.
For info: auxteam.com/solutions/.