Press
CUSO adds three new compliance monitoring clients
GRAND RAPIDS, MI (May 8, 2014) — Over the past two weeks, Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, has added three new credit unions to its growing list of compliance monitoring clients. Notre Dame FCU, Horizon Utah FCU and Village Community are being supported on a daily basis by the AuditLink – powered by Xtend execution team that works closely with the AuditLink brand owners, the compliance consulting team at sister CUSO CU*Answers, Inc.
Xtend President Scott Collins commented, “The compliance monitoring business units at both CUSOs have provided an effective one-two punch for several years, and I am pleased that we are seeing steady growth in patronage by our customer-owners. The CU*Answers Management Services AuditLink consultants work closely with each credit union to deploy a robust set of core data processing compliance tools and the associated documentation and run sheets. Our Xtend team steps in when the credit union needs assistance executing the daily, weekly and monthly tasks.”
Collins continued, “We are working hard with CU*Answers to help their credit unions have the lowest cost of compliance in the industry. The fact that our three newest clients come from different geographies, demographics and membership sizes tells me that we are hitting that target.”
According to Collins, Xtend now provides services for forty-one (41) credit unions nationally.
About Xtend (www.xtendcu.com): Xtend, Inc. is a 100% credit union-owned CUSO formed in 2002 with headquarters in Grand Rapids, Michigan. Xtend provides a wide array of managerial, operational, marketing, technical planning and consulting services for credit unions of all sizes. In short, Xtend is an aggregation point for shared resources that allows credit unions to deliver products and services more cost-effectively. Their strategic offerings include bookkeeping services, member contact services, back-office mortgage services, partnered liquidity opportunities, shared branching, compliance monitoring, and insurance services. Xtend provides services for over 180 credit unions representing more than 925,000 members and $9.2B in assets. The CUSO is currently owned by 75 credit union partners.