Lender Compliance Technologies Launches New CUSO to Provide Automated Compliance Solutions for Credit Unions
Lender Compliance Technologies (LCT) has launched a new credit union service organization, LCT CUSO, in partnership with One Washington Financial (OWF), Jay Mossman of AKUVO, and SWBC. The initiative aims to provide advanced automated compliance solutions tailored for U.S. credit unions. The platform will offer cloud-based tools that streamline the finance and insurance product cancellation process, reduce operational risk, and improve audit readiness. LCT's flagship solution, Refund Control©, already processes over 100,000 cancellations monthly across nearly 30 credit unions serving more than five million members. The new CUSO is expected to enhance efficiency by replacing fragmented refund systems with a centralized platform that connects directly with over 800 providers. This move aligns with the growing demand among financial institutions for digital solutions that improve compliance and member experience.
Topics: automated solutions credit unions financial compliance