ST. CLOUD, Minn. – Despite its name, Bankers Systems Inc. isn't just for banks.

The 50-year old compliance/legal firm focusing on the financial industry serves over 80% of the nation's banks, but also one-third of credit unions – a figure it is working earnestly to increase.

Founded in 1952, BSI was run like a typical family business for close to 50 years. The company was started by Bill E. Clemens. The story goes like this: Clemens promised his dying father, who had been president of a bank during the Depression, that he wouldn't get into banking. So Clemens kept his promise to his father, but got as close to banking as he could by starting a firm serving banks' compliance needs. In the early days BSI mostly sold forms to banks, but as the regulatory environment changed, it diversified its product line, now offering a suite of compliance tools.