NeighborBench Acquires Counter Risk Group
November 28, 2012 (Frederick, MD) – NeighborBench, a provider of advanced compliance solutions for credit unions, has acquired Utah-based Counter Risk Group, a compliance consulting firm known for combining real-world experience with pragmatic technical innovation to help hundreds of financial institutions manage regulatory risk.
The new organization is being formed as a credit union service organization (CUSO) under the name NB Risk Partners. This will allow additional parties within the industry to more actively participate in the CUSO’s operations.
“Leveraging secure, cloud-based technology to help financial institutions manage risk cost-effectively has been our core goal from the start,” said Ken Wolff, CEO of NeighborBench. “We are pleased to welcome Counter Risk Group to the NeighborBench family and look forward to providing an even more robust compliance solution to a rapidly growing number of credit unions throughout the country.”
“Throughout our 21-year history, Counter Risk Group has had the opportunity to work with credit unions and banks of all sizes” said Kenneth Agle, President/CEO of Counter Risk Group. “Our experience has taught us that managing regulatory risk is a challenge for every financial institution. Our team was involved in the original development of The NeighborBench platform and we are now delighted to be a part of the family.”
NeighborBench’s unique compliance solution combines the latest in automated tools with experienced professionals to help reduce the primary challenges of compliance: cost, time, resource requirements, and the disruptive nature of traditional consulting firm solutions. Learn more at www.neighborbench.com.