Redstone Consulting Group, a software consultancy wholly owned by the $3.4 billion, Huntsville, Ala.-based Redstone Federal Credit Union, has teamed up with the Rolling Meadows, Ill.-based Fusion Risk Management to offer continuity risk management services to credit unions and community banks, Fusion Risk Management announced.
The new technology solution will focus on risk and impact assessment, business continuity, contingency planning, issue tracking, crisis management and IT disaster recovery, the company said. The program mirrors risk management practices that Redstone FCU already has in place.
“By focusing on the needs of credit unions and community banks, we are able to share our success at Redstone in applying industry best practices and world-class technologies to this important business need,” said Harry Gunsallus, president/CEO for Redstone Consulting Group and the credit union’s senior vice president of technology and operations support.
“Redstone’s industry expertise and resources coupled with Fusion’s technology and category expertise makes best practice continuity risk management programs accessible and affordable for credit unions and community banks,” Gunsallus said.
The offering will also leverage the methods used in Fusion Risk Management’s flagship product, the cloud-based Fusion Framework Risk Management & Contingency Planning System.
“It is difficult for credit unions and community banks to create and sustain effective continuity risk management programs that are critically important to their long-term health and the best interests of their members and customers,” said David Nolan, CEO for Fusion Risk Management. “Our strategic alliance will provide access to proven world-class solutions scaled and tuned to meet their specific needs.”
Redstone FCU formed Redstone Consulting Group in June as a platform for marketing and providing the credit union’s in-house technology developments to other credit unions and banks.