CU Service Network Publishes In-Depth Credit Union Whitepaper on Outsourced Accounting

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The whitepaper, titled "A Tale of Two Accountings: How One Credit Union Outsourced Its Daily Processing and Received Unexpected Benefits," explores the relationship $350M Sooper Credit Union has with their outsourced accounting partner, CU Service Network. An in-depth read for any credit union executive or accounting manager.

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A Tale of Two Accountings Whitepaper

“...This is such routine task that doesn’t need specific credit union knowledge to perform, but it allows our staff to focus on higher level duties,” notes Carrie Langgard, CFO at Sooper CU

Denver-based CUSO (Credit Union Service Organization) CU Service Network has published an in-depth whitepaper on credit union outsourced accounting. The paper focuses on the relationship they have with $350M Sooper Credit Union, including the benefits, challenges, and goals the credit union has experienced over the past two years of outsourcing their daily processing.

Credit unions outsourcing their accounting functions is a relatively new concept in the industry, and thus, not much research material is available for those interested in the service. This paper provides a detailed insight into the workings of the partnership - areas discussed include:

  • disaster recovery
  • core conversions
  • back-up and redundancy plans
  • communication between parties

A must read for any credit union executive or accounting manager looking at alternate options.
To read the whitepaper, simply click here

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Alicia Disantis Weston
since: 05/2009
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