Press Releases

AuditLink to offer Concentration Risk Services

AuditLink, a division of CU*Answers, the Michigan core data processing CUSO known for providing CU*BASE, has announced a new offering to assist credit unions in complying with recently published concentration risk monitoring requirements. NCUA Letter 10-CU-03 requires credit unions to manage concentration risk and defend their capital position with respect to segmentation development in […]

AuditLink Community Growing Rapidly

AuditLink, a compliance and audit process division of CU*Answers, has recently announced its community is 25 credit unions strong. According to the CUSO, the service has far exceeded original expectations of contracting for 20 credit unions in its first two years. Now 25 credit unions strong, it is expected that AuditLink will be […]

Compliance Monitoring Service Adds New Clients

Xtend Inc. a multi-owned cooperative CUSO headquartered in Grand Rapids, Michigan, has seen its AuditLink back office compliance monitoring service grow from eight clients at the beginning of the year to a total of eighteen. The CUSO reports that the service is used by credit unions in seven states and ranging in size from […]

CU*Answers Offers FREE Tool to Assist Credit Unions in Completing Due Diligence Requirements

CU*Answers announces the roll-out of a new service to help clients complete third party due diligence on CU*Answers and partners involved with the cuasterisk.com network. The “Risk Management Report Generator” is a new Internet-based product which allows CU*Answers, Xtend, AuditLink, WESCO Net, and Lender*VP clients to complete their due diligence on services and products […]

AuditLinks Presence Growing Rapidly

The new Audit and Compliance division of the cuasterisk network of CUSOs, AuditLink, announced inspiring first year results at CU*Answers Annual Leadership Conference on June 17th. Jim Vilker, Business Manager of AuditLink revealed that 21 credit unions across the United States, from New York to Oregon have come on board to use Audit […]

Strong First Year for Major CUSO Compliance Initiative

Xtend Inc. a multi-owned cooperative CUSO headquartered in Grand Rapids, Michigan, recently celebrated the one year anniversary of its AuditLink compliance and monitoring service. The service was developed over a three-month period during late 2007 in response to feedback from a client CEO roundtable event and in just one short year AuditLink has […]

Amidst All The Numbers, The Value Of Still Telling The Story

By Frank J. Diekmann The business books and the pundits call it “lost opportunity cost,” the  abstract yet very real economic benefits never  realized because a business didn’t act when it should have. For credit unions this is hardly the time to talk about abstract costs when they’re being confronted by very tangible (and seemingly ongoing) expenses related to propping up the […]

New Compliance Support Service Grows Rapidly

Xtend, Inc., a multi-owned cooperative CUSO based in Grand Rapids, MI, now provides compliance monitoring support for fourteen (14) credit unions through its new AuditLink business unit. The service, which was first rolled out to a beta group of credit unions in the fall of 2008, was developed to help credit unions using the […]

AuditLink Announces Successful First Year

AuditLink, a new division of West Michigan-based CUSO CU*Answers, announced a successful conclusion to the 2008 fiscal year, surpassing client growth expectations by 100%. CU*Answers says this unique division was created to assist credit unions utilizing its CU*BASE system in being better prepared to face growing daily compliance and internal auditing requirements. Daily monitoring […]