We all work with in challenging environments and the credit union sector operates in a complex and demanding regulatory environment. IT is a core enabler of business processes. With the credit union sector there is the regulatory oversight required by the Central Bank into their operations including IT. With these requirements, an oversight function is placed on management or volunteers to oversee IT without, on occasions the necessary skillset to understand, manage IT providers and information produced.
It is not cost effective for all credit unions to employ IT staff with IT Risk knowledge and there is a gap between what outsourced IT providers perform and the requirements needed to manage the IT function within a credit union.
What we provide is “Independent oversight of the IT solution to assure it complies with required regulations, interface with the IT providers and using clear language reports, provide manageable, understandable and actionable items for the Credit Union management and board“