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Launch of new Credit Union Risk Evaluation software to mark International Credit Union Day Print E-mail
Thursday, 16 October 2014

A high-value, low-cost risk management software package for credit unions which makes assessing degrees of  risk significantly more straightforward, has been launched to mark International Credit Union Day, Thursday 16th October, by chartered accountants and business advisers, Alexander Sloan.

Steven Cunningham, a partner in Alexander Sloan, who specialises in the credit union sector, has spent the last year developing the easy-to-use software package which is known as Credit Union Risk Evaluation (CURE)
 
He said: “The software package lets credit unions document their appetite for risk and measure their performance against that appetite.
 
“We already have a CURE package operating successfully with a Scotland-based credit union and we intend to launch the software nationally to make it available to all of the UK’s credit unions.
 
“We think it is appropriate to launch it formally today since this is a special day for the credit union movement worldwide.
 
“One of the most useful things about the package is that it can take the credit union’s risk register and help it to focus on the key risks and controls that require to be reviewed.”
 
“We intend to provide regular updates and refinements to the CURE package and we are hopeful that it might become the standard risk toolkit for the credit union movement in the UK”, said Mr. Cunningham.

(Source - Alexander Sloan Press Release)
 

 

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