“Archer’s GRC platform has enabled Ent to establish truly integrated risk management. We now walk alongside our business partners providing a strategic approach to managing their part of the IRM puzzle, ensuring true risk transparency for the organization.”
- Jesse Tucker, ETRACS Administrator, Operational Risk Management
Overview
Ent Credit Union, established in 1957, is the largest member owned credit union in Colorado, serving 21 counties and 430,000 members. Ent strives to improve the financial quality of life of their owner-members with education, better rates, lower fees, and access to the highest quality financial products.
Ent is fast approaching key asset size benchmarks anticipated to result in a heightened level of regulatory expectations and new formal requirements. The prospect of heightened expectations drove a need to deploy a proven platform capable of handling the complex task of turning the credit union’s existing approach to governance, risk, and compliance into a connected, informed, and integrated approach. The platform had to accommodate the first, second, and third-line activities to risk and control management. The decision to use Archer was based on their platform’s ability to help Ent achieve this vision - a role Archer has played with other larger financial institutions.
Ent decided to take an “out-of-the-box” approach for rapid action to implement a robust suite of modules in under 18 months to be ready in advance of the heightened expectations and new formal requirements. To do so, Ent partnered with Crowe LLP as an integral implementation partner. The timeline was aggressive, but one intended to make interconnections between the various Archer use cases Ent needed available and functional immediately. Ent started its journey by implementing Archer Compliance Management and Issues Management, followed quickly by Audit Management and Exam Management and others.
To learn more about ENT's journey, click on the adjacent video to hear from Jason Piet, Vice President, Integrated Risk Management at Ent Credit Union discuss their integrated risk management program.
In addition, you can also learn more ENT's risk and compliance processes from Jesse Tucker, Senior Manager of Integrated Risk Management at ENT Credit Union. Click on the graphic below to learn more.
Additional Information
- Industry: Financial Services
- Archer Solution Areas: Compliance, Audit, Risk, Business Resiliency, Third Party Governance
- Additional Topics: Enterprise risk reporting, full lifecycle programs, holistic risk management across programs, fast time to value
Read more about ENT's journey in the attached case study.
