Helping hands for ERM
Industry consultants and software solutions can bridge the gap for credit unions struggling with risk management resources.
Not every credit union has the expertise or financial capability to build its own risk management department. In that case, they can turn to a third party for assistance.
At CUES Supplier member Rochdale Paragon LLC in Overland Park, Kansas, risk management assistance comes in the form of consultancy services and software platform apogee iQ.Rochdale is available to build a credit union’s enterprise risk management program and also to offer training and support. If desired, the company can manage the organization’s program on an ongoing basis. “We view ourselves not as a vendor but as a strategic success partner for credit unions,” says Tony Ferris, founder and CEO.
CUES Supplier member M&M Consulting, based in Springfield, Massachusetts, provides comprehensive risk management services through three divisions: compliance, internal audit and commercial loan review. “Our integrated services ensure that nothing is missed, and it cuts down on duplication and overlap in audit services,” says Dean Stockford, president/CEO of the Springfield, Massachusetts firm. “M&M ensures strong checks and balances throughout the process, regardless of which division is performing the audit.”
CUESolutions provider Experian, Costa Mesa, California, is the only national credit bureau with a national team 100% dedicated to the CU movement.
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