BOCA RATON, Fla. (11/20/12)--Intercontinental Warranty Services Inc. (IWS), a provider of after-market vehicle protection services to credit unions nationwide, will sell certain assets to a Kingsway Financial Services Inc. affiliate.
Current management, led by James H. Hawk, IWS president/CEO, will remain in place.
IWS provides vehicle service agreements, mechanical breakdown insurance, and guaranteed asset protection to credit unions' members in conjunction with their auto loans.
Kingsway owns several companies connected with the insurance industry and specializes in helping them build value. It will rely on the IWS management team to ensure continuity and maintain its relationships with existing credit union clients while continuing to grow its business, said Larry G. Swets Jr., Kingsway CEO.
The change of ownership will be essentially transparent to client credit unions, but enhancements will include a broader product line, greater staff resources, and improved technology, Hawk said.
FREDERICK and HAGERSTOWN, Md. (11/20/12)--NeighborBench, a provider of compliance solutions for credit unions, and Ongoing Operations, a business continuity and cloud services provider, have formed a partnership to deliver information technology (IT) services and other related solutions to credit unions.
Ongoing Operations is a CUNA Strategic Services provider.
"Leveraging secure, cloud-based technology has been a key component of our platform from the start," said Ken Wolff, NeighborBench CEO.
"Developing new ways to help credit unions streamline their IT operations is the primary focus of our research and development efforts," said Kirk Drake, Ongoing Operations president/CEO. "Keeping up with compliance can be challenging for credit unions of all sizes. We believe the NeighborBench solution offers an extremely efficient way to maintain compliance in IT and throughout the entire credit union."
NeighborBench's compliance solution combines automated tools with professionals to help reduce the primary challenges of compliance: cost, time, resource requirements, and the disruptive nature of traditional consulting firm solutions. Learn more at www.neighborbench.com.
Beyond traditional solutions such as business continuity planning, data back-up and workspace, Ongoing Operations has added cloud solutions to help credit unions with their everyday IT needs.