COMPASS4CUs said it has been hired to provide compliance services to the $90 million CSC Employees Federal Credit Union of El Segundo, Calif.
Year-old Belvoir FCU CUSO adds transitioning CU to its client list.
Saddled with pressures to reduce operating expenses, California and Nevada credit unions had been seeking an outlet to help minimize costs through a collaborative network.
The California and Nevada Credit Union Leagues, along with several credit unions, came together to start a new CUSO called CURoots to help credit unions minimize their back-office costs.
Managed service specialists HEIT of Fort Collins, Colo., and Simpler-Webb of Austin, Texas, have merged to form what the new company says is the country's largest managed services provider for community financial institutions leveraging cloud technology.