Business Services Industry
Arizona Central Credit Union Signs Deal with Loss Control Solutions
Business Wire, June 23, 2003
Business Editors
PHOENIX--(BUSINESS WIRE)--June 23, 2003
Sixty-year-old Credit Union Increases Accuracy of Reporting
Process, Combats Fraud With LCS' Investigation Case Management System
Loss Control Solutions (LCS), a provider of the financial industry's most widely used investigation case management system, announced that Arizona Central Credit Union has signed an agreement to install LCS' flagship product, Investigation Case Management System(TM) (ICMS). Arizona Central Credit Union, which currently ranks among one of the largest credit unions in the state, serves approximately 74,000 members and operates nine full-service branches throughout Arizona.
"Part of our mission statement at Arizona Central Credit Union involves maintaining the most effective security controls to ensure our members' protection," said Jerry Thornburg, chairman of Arizona Central Credit Union. "We believe in taking whatever measures necessary to report and reduce fraudulent activity. Part of those measures includes LCS' Investigation Case Management System."
In October 2001, the USA Patriot Act required all financial institutions to comply with government regulations aimed at protecting citizens and companies from terrorist and fraudulent activities. LCS' ICMS helps credit unions, banks and other financial institutions consolidate and report fraudulent activity.
"The USA PATRIOT Act will undoubtedly have a dramatic effect on the way financial institutions combat fraud," said Bryan Viau, president of Loss Control Solutions. "Our Investigation Case Management System provides financial institutions of all types with an additional tool for their fraud management toolbox that is designed to accurately report incidents of fraud, cross reference those incidents with the expectation of reducing fraudulent activity."
In addition to the case management system, Arizona Central Credit Union was also impressed with LCS' level of customer service. "Arizona Central Credit Union only works with vendors that are devoted to their customers," added Thornburg. "We have experienced, firsthand, both thorough and exceptional service as well as a commitment to excellence from Loss Control Solutions."
About Arizona Central Credit Union
Arizona Central Credit Union is a not-for-profit financial cooperative that has been serving families across Arizona and the country for more than 60 years. Arizona Central, which ranks among the largest credit unions in the state, currently serves 74,000 member/owners and has assets of more than $400 million. The credit union operates nine full-service branches in Arizona with locations in Phoenix, Tucson, Tempe, Scottsdale, Chandler, Glendale, and Flagstaff.
About Loss Control Solutions
Founded in 1996 in Minneapolis, Minn., Loss Control Solutions provides management software systems and services for the financial services industry. The company's flagship product, Investigation Case Management System(TM) (ICMS), manages workload and data for loss prevention, corporate security, compliance and anti money laundering personnel and provides the capability to identify patterns and profile areas requiring further analysis.
Loss Control Solutions is the provider of choice for loss prevention, security and risk management for many leading U.S. banks, thrifts, savings and loans, and credit unions, including 29 of the top 100 U.S. banks, which are currently using ICMS. Loss Control Solutions is a subsidiary of VTI Security Integrators with offices in Minneapolis and Denver. Visit VTI's Web site at www.vtisecurity.com. For more information about LCS, visit the company's Web site at www.losscontrolsolutions.com or contact Bryan Viau at bryan@losscontrolsolutions.com.
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