LEVERAGE Monthly Newsletter

Credit Union Audit and Compliance Group (CUACG) was thrilled to celebrate a successful 2021 and looks forward to an even more productive 2022. CUACG was ranked in the top 20 audit firms in the country based on several clients in 2021, according to a study done by Callahan & Associates. Callahan & Associates calculates their Top Audit Firms list by comparing total credit union clients with more than $40 million in assets. In addition to leading other notable auditing companies, CUACG has successfully increased its revenue by more than 50% since 2014.

While the pandemic forced many businesses to alter their operations or shut down entirely, CUACG was able to continue providing clients with a remote auditing platform. CUACG can perform most services virtually, which has proven to be effective and beneficial for both credit unions and team members throughout the pandemic. Unlike other auditing companies, CUACG has been successfully completing remote audits since well before the pandemic, allowing the team to further enhance their skills and knowledge. This has relieved some of the uncertainty that the pandemic has caused. CUACG members know they have a reliable and dedicated team backing them, regardless of the circumstances.

CUACG is the largest credit union auditing firm in the Southeast. CUACG’s team of auditors is comprised of credit union experts that help credit unions succeed. CUACG serves only credit unions and is solely focused on providing value to its clients.

For more information about CUACG, visit https://cuacg.com/ or contact a LEVERAGE Business Development Consultant at consult@myleverage.com or 955-9EXPERT (855-939-7378).

CUVM, the vendor management solution for LEVERAGE, is proud to partner with Sheriff Central to deliver a comprehensive contract, vendor, and grant management tool for law enforcement offices across the nation. CUVM’s cloud-based software solution will allow sheriff's offices to manage their business operations like never before.

CUVM has been providing simple solutions in vendor management for credit unions for more than 14 years. This new partnership allows CUVM to use its software to assist sheriff’s offices and municipalities across the country. CUVM streamlines the entire contract process, saves businesses time and money, and centralizes storage and retrieval of contracts. The CUVM team offers personalized service with dedicated analysts and support staff, ensures all contracts are compliance-friendly, and meets Criminal Justice Information Services (CJIS) requirements.

For sheriff’s offices looking to enhance their vendor management tools, CUVM offers many benefits. Limited reviews are provided for specific vendors that address levels of risk outlined by CJIS. The CUVM software is available 24/7 and allows unlimited contracts and gives employees the ability to upload and store all vendor documents in a secure location, while also keeping a running history of all contracts and documents.

By utilizing CUVM’s services, sheriff’s offices can step away from the desk and spend their days meeting with citizens, investigating crimes, and preventing crimes. CUVM and Sheriff Central are dedicated to supporting the Office of Sheriff.

For more information about CUVM and Sheriff Central, visit https://cuvm.org/ or contact a LEVERAGE Business Development Consultant at consult@myleverage.com or 955-9EXPERT (855-939-7378).

Common Bond Title wants to make sure everyone is aware of scammers trying to get information to perpetrate fraud on our clients and consumers. The fraudsters are getting creative, so we need to as well!

Here are a few of our favorite tips to help protect you:

• • A communication strategy that informs clients of wire fraud is key. It is never too early to share wire fraud facts with your customers and partners.
• • Referral partners who support you need information too. Let them know what measures you are taking to protect their clients.
• • Using an email signature that gives an initial warning is great, but it can’t be the only thing you do. Make sure you verify, verify, verify!
• • Share the good news of how you are protecting your clients’ money on social media. It increases trust and reliability and brings needed awareness to the topic.
• • Stay informed about the latest measures to protect people from wire fraud. Cyber Security is changing and improving constantly.
• • Always use secure devices and accounts.
• • Be suspicious of any changes to wiring instructions, especially on Fridays or before holidays.

These tips are all small steps to enjoy safe and secure transactions, and safe transactions make for happy homeowners. Be vigilant, my friends!

For more information about Common Bond Title, visit https://commonbondtitle.com/

Auto repossession management and remarketing can be a daunting task for credit unions. That’s why LEVERAGE has collaborated with PAR North America, a leading nationwide provider of vehicle transition services.

PAR excels in recovery management, skip tracing, compliance, remarketing, and title services. What’s more, the solution has a distinct advantage over other auto recovery services, given its corporate family connections under the KAR Global umbrella.

PAR equips credit unions with state-of-the-art technology that allows for fast, efficient placement of assignments and utilizes a secure, proprietary VIPR/eVIPR system that is fully integrated with the industry’s largest third-party technology platforms including iRepo/RC and RDN. This ensures that credit unions receive fast, real-time updates, hold/close notifications, repossession reports, condition reports, and other associated documents. Accounts are also assigned out with an LPR provider simultaneously with conventional recovery efforts, which provides for maximum recovery opportunity.

Simply put: PAR takes care of auto-recovery and remarketing so you can get back to doing what you do best – serving your members!

For more information, visit https://myleverage.com/solutions/par.php or contact a LEVERAGE Business Development Consultant at consult@myleverage.com or 955-9EXPERT (855-939-7378).

LEVERAGE Benefits Group (LBG) offers a turnkey solution that provides comprehensive employee benefits and services to credit unions, all with exceptional employee support.

Administration

LBG manages the day-to-day operations associated with employee benefits administration. We process carrier enrollments and changes, as well as review employee benefits selection for accuracy. From open enrollment through termination of benefits, our team serves as an extension of your Human Resources and Benefits Department, providing the support you need for streamlined administration of your employee benefits plans. We have eliminated the burden of managing and auditing benefits election paperwork throughout the year and at open enrollment.

Benefits Consulting

LBG works with companies of all sizes in Alabama, Florida, and Georgia. Our broad understanding of carrier designs and exclusive carrier partnerships allows us to leverage volume for flexibility and provide more options for you and your employees. As a consultant, broker, and administrator, we are uniquely positioned to provide the most comprehensive recommendations and guidance.

Consolidated Invoicing

Using LBG’s state-of-the-art billing and administration technology, we use that data to audit each carrier bill on your behalf and consolidate one invoice for all lines of coverage. LBG bills you in real-time, based on accurate enrollment. We begin with a line-by-line audit of your payroll roster against each carrier bill you receive to build out our system using the most accurate data.

Our technology contains a robust, rules-based intelligence engine capable of managing intricate voluntary rules or customized parameters by benefit. Our billing team ensures that only the employees that should be on your plan are on your plan and your bill. You review one audited bill for all lines of coverage and remit one premium amount back to us.

For more information, visit http://myleveragebenefits.com/ or contact a LEVERAGE Business Development Consultant at consult@myleverage.com or 955-9EXPERT (855-939-7378).