Vizo Financial and TCT Risk Solutions just joined forces, and it’s not your typical corporate handshake-and-forget-it deal.
This partnership is all about giving credit unions the tools they need to stop playing defense with risk management and start playing offense.
Think of it as the Avengers of financial services, minus the capes. Vizo Financial brings its proven track record as a cooperative provider handling back-office support, consulting, and education. TCT Risk Solutions brings the specialized tech arsenal—we’re talking credit migration, loan and deposit pricing, CECL (that’s Current Expected Credit Loss, for those keeping score at home), and asset liability modeling.
The goal? To help credit unions trade in their reactive scrambling for a more strategic, proactive approach to risk. You know, the kind where you see problems coming before they’re camping out in your lobby.
What This Means for Credit Unions
Through this partnership, Vizo Financial will now offer TCT’s signature software and advisory services to its member credit unions. Translation: more credit unions get access to sophisticated risk management tools without needing a PhD in financial engineering to understand them.
“We are excited to work with Vizo Financial to bring our risk management expertise to a broader network of credit unions,” said Randy Thompson, CEO of TCT Risk Solutions. “Together, we can provide practical, scalable solutions that help credit unions navigate complex risk challenges while supporting growth and operational excellence.”
Tim Sustak, SVP and chief treasury officer at Vizo Financial, put it in even clearer terms: “At Vizo Financial, our mission is to deliver meaningful solutions that accelerate our members’ success, and partnering with TCT Risk Solutions enhances our ability to do that with practical, actionable, and affordable risk management tools and educational resources.”
The Bottom Line
Sustak emphasized that TCT’s tools fit naturally alongside Vizo’s existing services, creating a more complete package for member credit unions. The result? Credit unions get the technology and insights they need to run efficiently, stay compliant, and actually get ahead of risk instead of just responding to it.
In a world where financial regulations seem to multiply like rabbits and market conditions change faster than you can say “interest rate volatility,” having a solid risk management strategy isn’t optional anymore. This partnership aims to make that strategy more accessible and, dare we say, affordable for credit unions looking to build long-term stability and growth.