CU Rx, a newly launched risk management and compliance servicecredit union service organization, has signed on Ohio HealthcareFederal Credit Union.
|The $45 million credit union in the Columbus suburb of Dublinsigned on for 100 hours consulting services as part of CU Rx's risk management and compliance retainer program.
|The service aims to assist in scrutinizing existing and newregulations to determine regulatory requirements and the complianceapproach which best suits the credit union and itsoperations.
|Ohio Healthcare President/CEO Bill Butler sought out CU Rxbecause of the CUSO's experience with the UltraData core processingsystem, said Bryanna Tapley, CU Rx vice president of sales andservice. UltraData is used by the CUSO's parent company, the $339million CP Federal Credit Union in Jackson, Mich.
|CU Rx was formed through CP Financial Services LLC, an affiliateof CP FCU. The CUSO offers review and audit services for creditunion risk management, fraud, compliance, and regulatory bestpractices.
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