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 […]
Posts Tagged: CU*Answers
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 […]
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 […]
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 […]
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 […]