LAUNCH CREDIT UNION ANNOUNCES FORMATION OF VYFI, LLC TO PROVIDE CREDIT UNION COMPLIANCE SERVICES

Launch Credit Union in conjunction with Launch CUSO Holdings, LLC is pleased and excited to announce the formation of VyFi, LLC (VyFi). VyFi is a Credit Union Service Organization (CUSO) which specializes in helping Credit Unions audit and identify their cyber threats and meet their information security compliance and assessment mandates from the National Credit Union Administration (NCUA) and state regulatory agencies. Our CUSO will provide premier information security services solutions to credit unions across the country though the delivery of professional information security assessments, regulatory compliance advisory services and assisting in the areas of governance and oversight.

In 3rd quarter 2021, Security Compliance Associates (SCA) sold a controlling interest in their financial services division to RedZone Protects (RZP), creating Redzone Protects/ SCA, LLC. In August 2022, that entity was purchased outright by Launch Credit Union (one of the original investors in RedZone Protects). VyFi, LLC was officially launched in November 2022.

ABOUT VYFI
VyFi is committed to providing services relative to NCUA requirements focused on protecting Sensitive Information including key elements of regulatory-mandated assessments and reviews every credit union is required to perform. We understand and follow the ever-changing landscape of regulatory compliance, technology, and financial segment trends to position each client in a posture of strength, knowing that they are compliant and safeguarded.

VyFi currently supports over 170 clients ranging from $50 Million to over $ 15 Billion in asset size. We are positioned to provide your institution with cost-effective services, support, and expertise to help you develop, maintain, and strengthen your information security processes and controls. VyFi services assist you in maintaining appropriate safeguards allowing your credit union to meet or exceed regulatory governance and information security requirements.

VyFi assists you with the following:
• Being your trusted advisor in the area of NCUA regulations and requirements
• Providing discovery services focused on risk and Infrastructure deficiencies
• Validating the effectiveness of controls required to provide a solid security landscape
• Streamlining your risk management processes and activities

What’s New?
• New management team
• Increased expertise (breadth and depth ofstaff knowledge)
• Additional customer service resources
• New website (www.vyfi.com)
• Office location
• Phone number
• Email addresses

What didn’t Change?
• Core staff
• Services portfolio
• Commitment to our credit union clients
• Commitment to credit union industry

VyFi Services
Our services focus on key elements of NCUA and state regulatory mandated assessments and reviews related to the examinations every institution is required to perform. We understand and track the ever-changing landscape of regulatory compliance, technology, and financial segment trends to position your institution in a posture of strength, knowing that you are compliant, secure and PROTECTED. VyFi provides credit unions with regulatory governance and information compliance support.

---