COLUMBUS, Ohio — Corporate One Federal Credit Union is getting serious about enterprise wide risk management–not just for itself, but for all credit unions.
The corporate has unveiled a suite of EWRM solutions it is making available to credit unions, running under the name CU Risk Manager. EWRM has been around as a concept for years, but is just starting to buzz around credit union land. Corporate One describes it as "the governance process associated with the management of risk."
CU Risk Manager will feature software and consulting across the credit union and align goals and strategies taking EWRM risk into account.
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"Our solution is designed for credit unions that wish to embrace a framework to manage risks across their enterprise and enhance risk response decisions. We believe EWRM is an ideal approach to provide directors, senior management and process business owners with enhanced abilities to proactively and confidently act on strategic direction," said Corporate One CEO Lee Butke.
It includes LocigERM, a software tool from LogicManager, Boston, that helps credit unions assess risk on any business process by capturing data from internal risk assessments.
For more information visit www.corporateone.coop.
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