Accounting Services
Daily Processing
- • ACH Processing
- • Bill Pay Settlement
- • Remote Deposit Capture/Cash Letter
- • Credit Card Settlement
- • Shared Branch
- • ATM Settlement
- • Cash Advances
- • Debit Card Settlement
- • Share Draft Processing
Month-End Close
- • Allowance for Credit Loss
- • Fixed Assets/Prepaids
- • Interest/Dividend Accruals
- • Operating Expense Accruals
Regulatory Reporting
- • Quarterly Call Report
- • ALM Support - Monthly
General Ledger Reconciliations
- • Corporate Reconciliation
- • Money Orders
- • Other GLs (Monthly)
- • Other Daily Balancing/Uploads
- • Balance Loan and Shares (AIRES file to the GL)
- • Indirect Lending Settlement
- • Official Checks
- • Other Monetary Instruments - Gift Cards
- • Loan Participation Accounting
Financial Statements
- • Budget Variance
- • Delinquent Loan Reporting
- • Income Statement/Balance Sheet
- • Key Ratios
- • Investment Reporting
Projects-Billed at the Current Hourly Rate
- • Annual Budget
- • Board/ALCO reporting package
- • Credit Risk Assessment
- • Forecasting
- • Liquidity Management
- • Reconciliation catch-up
- • Research
- • Training/Mentoring
- • Audit Support
CFO Services
AUX CFO Services Vision
Our goal is to create strategic partnerships with credit unions. We want to create long-term strategies and a road map for health and viability by offering a flexible and strategic solution to obtaining CFO-level expertise.
Opportunity to "Customize"
Credit unions have the ability to customize the number of CFO hours needed each month. This allows them to partner with one of Aux’s highly experienced credit union CFOs for a mere fraction of the cost of having a full-time CFO.
Service Offerings
Offered on an as needed basis at an hourly rate. AUX CFO Services can provide tailored services that include but are not limited to the following.
- • Coordinate the preparation of financial statements, financial and analytical reports to present to the CEO and to the Board of Directors. Reporting includes, but is not limited to:
- • Allowance for Credit Loss Calculation
- • Budget vs actual variance analysis
- • Delinquent loan reporting
- • Financial Statements
- • Investment Reporting
- • Key Ratios
- • Quarterly Call Report
- • Coordinate and prepare annual budgets and ongoing, rolling projections.
- • Review and analyze asset-liability management trends and projections in support of ALCO strategy and meetings.
- • Analyze each area of financial performance and overall operations to identify potential risks and opportunities.
- • Review and analyze policies and procedures as requested and suggest changes to support organizational goals and objectives.
- • Support in making short- and long-term investment decisions to support the Credit Union’s deposit and loan growth strategy.
- • Analyze and support liquidity strategies.
- • Advise and provide consultative support to management to support strategic planning initiatives through financial and management information analysis, reports, and suggestions.
- • Net Worth modeling and strategy.
- • Support with preparation and meetings with regulators.
- • Special projects; including but not limited to facility expansion or consolidation decision support.
