PORTLAND, Ore. - Three Colorado credit unions have joined forces to form a data processing CUSO, Tri-CUE, that will be powered by the Concentrex host processing system. Basically, the three CUs are going to share the hardware out of one location to run DP services for each credit union. The credit unions making up Tri-CUE are the $157 million Norlarco CU, Fort Collins, Colo.; the $52 million U.S. Consolidated FCU, Denver; and the $60 million Colorado Central CU, Arvada, Colo. "We'll be able to do a lot of things better for our members by leveraging our resources," said Michael Litzau, president/CEO of Tri-CUE's board as well as CEO of Colorado Central. "With the CUSO set up, all three credit unions will be better able to take advantage of new technology as it comes along without major investment or hassle. Eventually, we hope to invite other credit unions in the area to join Tri-CUE, said Litzau. Litzau said he hopes the CUSO can bring in other credit unions down the line, but that's not on the radar screen yet because the site isn't up and running. He also said that he has received inquiries from other CUs about joining Tri-CUE, and, surprisingly, some of the CUs were on the larger side. The hardware will be located at Norlarco CU's Fort Collins site. Each CU will have a full suite of Concentrex host processing components. -
pgentile@cutimes.com
