Collaborative back office cuso AUX welcomes
four new clients for Q2 2021
LAKEWOOD, CO (July 29, 2021) — Back Office CUSO Aux is delighted to welcome four new credit union clients to their 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.
The benefits of key person risk mitigation, staffing consistency, and training that these outsourced services provide are additionally compelling to credit union executives.
Kate Mason, Director of Marketing & Community Relations at Northwoods CU, Aux’s new compliance client, comments, “As a smaller credit union, marketing compliance was something we struggled with. 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! They are incredibly easy to work with, get back to us quickly and we love that they have 3 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 Q2 2021 COMPLIANCE SERVICES CLIENTS:
Power CU – Pueblo, CO, $98M Assets
Rio Grande FCU – Albuquerque, NM, $345M Assets
Northwoods CU – Cloquet, MN, $120M Assets
NEW Q2 2021 ACCOUNTING SERVICES CLIENTS:
Howard University EFCU – Washington, D.C., $10M Assets
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.
