Aux launches flexible CFO services
for small and mid-sized CUs
LAKEWOOD, CO (June 30, 2021) — Collaborative Back Office CUSO Aux is excited and deeply proud to launch their strategic CFO Services, designed to support the pervasive staffing, training, and affordability issues in the credit union industry. Particularly hard hit are credit unions under $500M, who simply cannot find or afford credit union-experienced CFOs.
“Our goal is to create strategic partnerships with credit unions. We want to create long-term strategies and a roadmap for health and viability,” explains Diane Parham, CFO of Aux and Head of CFO Services. Aux is committed to preventing mergers and strengthening “backbone” credit unions – those who fall between $50 and $500M in assets – by offering a flexible and strategic solution to obtaining CFO-level expertise. “Mergers are one of the greatest threats to the credit union movement. Many credit unions are desperate for this level of help; they simply cannot get a CFO, financials start to unravel, and they look to a last resort – merging. We strive to break this cycle.”
One of the biggest, and most unique components of Aux’s CFO Services is flexibility. Credit unions have the ability to customize the number of CFO hours needed each month. This allows them to partner with one of Aux’s highly experienced credit union CFOs for a mere fraction of the cost of having a full-time CFO.
Aux also offers a popular full-service Accounting Assistance solution for credit unions of all sizes, helping them with daily & monthly processing.
If you’d like to learn more about Aux’s CFO Services, visit: auxteam.com/cfo-services-for-credit-unions or email hello@auxteam.com.
The Aux 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. Learn more about Aux’s services and solutions at auxteam.com/solutions/.
About AUX
Aux, established in 1992, is a Credit Union Service Organization (CUSO) owned by 55 credit unions, and serves nearly 200 participating clients. We provide a variety of progressive back-office solutions that drive credit union success, like accounting, compliance and data analytics. We are leaders in credit union innovation, cooperation and research. We do the hard work for you. We are Aux Team proud. For more information on Aux, please visit us at auxteam.com or contact us at (720) 945-7235.
