NAFCU Services Corp.'s relationship with Wolters Kluwer Financial Services has been expanded to include the Minneapolis-based company's consumer lending and deposit solutions.
Wolters Kluwer already had been offering its member business lending solution to the approximately 800 credit unions served by NAFCU as one of the organization's 26 Preferred Partners.
The new offerings include the ComplianceOne and ARTA lending and deposit solutions as well as agreements and compliance disclosures designed to help credit unions reduce risk and meet federal and state regulations across the county, Wolters Kluwer said.
"Credit unions face an onslaught of consumer-oriented regulations that can severely strain their resources," said David Frankil, president of NAFCU Services Corp.
He said the Wolters Kluwer products "can reduce the burden of compliance and streamline operations, allowing them to spend more time focused on their members' needs."