After months of preparation, Mid-Atlantic Corporate Federal Credit Union said Sollievo, its new risk-management products and services CUSO, is now open for business.
The $2.9 billion corporate in Middletown, Pa., said in a Tuesday release that the CUSO will offer enterprise risk management services that include vendor management, an audit and exam findings manager, and an loan/lease allowance module.
Sollievo’s offerings will also include information security services such as information security risk assessments, incident response planning and network security services.
In addition, the CUSO will assist credit unions with business continuity planning, as well as training and consulting services.
Lori Gall will head Sollievo as its president/CEO. The 27-year credit union industry veteran will continue in her roles as senior vice president, administration, compliance officer and security officer at Mid-Atlantic Corporate.
“Sollievo is an Italian word that means ‘relief,’” Gall said. “We hear from credit unions every day about their struggle to keep up with regulatory demands. Our mission is to provide peace of mind and help them meet compliance obligations and improve the overall risk posture of their credit union.”
Gall will lead Sollievo with a team of individuals who possess nearly 90 years of combined credit union experience, as well industry certifications such as certified information security professional, enterprise risk management expert and business continuity professional, according to Mid-Atlantic Corporate.
“Lori and her team have the skill and knowledge to help guide credit unions through a difficult and ever-changing landscape,” said Jay Murray, president/CEO of Mid-Atlantic Corporate.
“Our plan is to offer comprehensive risk management services that credit unions can afford,” Gall said. ”Sollievo is geared to help credit unions with their most complex issues.”
Mid-Atlantic Corporate is the nation’s fourth largest corporate credit union, with more than 800 credit union members.