Tennessee CU League partners with Aux to offer compliance services to CUs
LAKEWOOD, CO (February 16, 2021) — Back Office Outsourcing CUSO Aux and the Tennessee Credit Union League are pleased to announce that they have partnered to offer a robust compliance solution for Tennessee credit unions. The compliance experts at Aux will be providing compliance support services to both the League and its 120 credit union clients. This collaborative partnership reflects the mutual mission the two parties share as well as the goal of providing expanded compliance services to credit unions.
Kim Bohannon, Chief Innovation Officer at the Tennessee League writes, “We selected Aux because we were looking for a partner who had the practical compliance experience and expertise to meet the needs of our credit unions, but just as importantly had a heart for service. For us, compliance isn’t just about answering the question that someone asks. It is about understanding the unique needs each credit union has and helping to address the questions they don’t know they need to ask. The only way to accomplish that is to listen and to be understanding of their needs in serving their members.”
Indeed, the Aux Team pride themselves on the zero bank-speak, partner-not-vendor experience they offer their credit unions and CUSO clients, who span coast to coast. “We get down in the weeds to help you with your compliance needs, not just tell you what to do or point out a paragraph in a regulation,” comments Gaye DeCesare, VP of Compliance at Aux.
“All of us at the Aux Compliance team are excited to partner with the Tennessee League in support of their member credit unions. The credit union movement is founded on cooperation. CUSOs and Leagues both facilitate collaboration between credit unions, so this is a great fit – and beneficial to the credit union in the end,” says DeCesare. Bohannon agrees: “Having Aux as a partner is one more way that the Tennessee Credit Union League works to meet the critical compliance needs of our member credit unions.”
With a new administration at the wheel, credit union employees will certainly need extra guidance to navigate the complex and numerous changes they will be facing in 2021 and beyond. Both Aux and the Tennessee League hope more CUSOs come together to share services and ease the burdens on their credit union clients, allowing them to focus on more strategic tasks.
Kim Bohannon of TCUL
Gaye DeCesare of 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.
About The Tennessee Credit Union League
The Tennessee Credit Union League was formed in 1934 as a 501 (c) (6) non-profit trade association for Tennessee credit unions. It is the mission of the League to promote and support the success and advancement of credit unions in meeting their service and structural goals. For more information, visit: yourleague.org/about