July 25th, 2022
LAKEWOOD, Colorado (July 5, 2022) – Aux continues adding new clients, with seven additional clients taking advantage of Aux’s back-office services during second quarter of 2022. This large growth is similar to the past two quarters, which saw 12 new clients in Q4 2021 and 12 new clients in Q1 2022. All of the growth during this past quarter has been with Aux’s Accounting support services.
“Business was very good for us last year and continues to be strong well into 2022. Especially notable is the need that credit unions are experiencing in their accounting departments and functions. Our Accounting services offering has had to double staff during this same period to keep up with demand”, says Aux’s Marketing VP, Alan Bergstrom. “And our pipeline of prospective clients continues to grow. Our Compliance services continues to show increased interest in credit unions outsourcing this function, as well. Credit unions are more comfortable with outsourcing back-office functions to CUSOs who specialize in these service areas.”
Aux is celebrating 30 years as a CUSO serving the needs of credit unions. Since its establishment in 1992 as a shared branch network, Aux has steadily grown and added services at the request of the credit unions it serves with back-office support and data analytics solutions. “Collaboration has always been the key to the success of the credit union movement, and as a CUSO that only supports credit unions, we value collaboration in designing and delivering the products and services that credit unions want and need”, Bergstrom adds. “Half of our clients are also owners of the CUSO. In fact, every client has the opportunity and is encouraged to become an owner of Aux and share in the benefits of being a client-owner. The credit union wins, Aux wins, and the credit union industry as a whole is strengthened—it’s the ‘trifecta’ of the credit union movement.”
NEW Q2 2022 ACCOUNTING SERVICES CLIENTS:
Wilmington Police & Fire FCU – Wilmington, DE
Vocality Community Credit Union – Garberville, CA
HUD FCU – Washington, DC
Qualstar Credit Union – Bellevue, WA
Statewide FCU – Flowood, MS
Calcoe FCU – Yakima, WA
Your Hometown Credit Union – Mayfield, KY
The Aux suite of collaborative back-office services include full-service accounting and CFO-level consulting services, full-service compliance and training, and data analytics designed for small- and mid-sized credit unions. Learn more about Aux’s services and solutions at auxteam.com/solutions/.
Aux, established in 1992, is a Credit Union Service Organization (CUSO) owned by 55 credit unions, and serves over 200 credit union 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 email us at firstname.lastname@example.org or contact us at (720) 945-7235.