NEWPORT BEACH, Calif. -- PSCU Financial Services feels so strongly about collaboration within the industry that it has contributed another $50,000 for a total of $100,000 to NACUSO's National Center for Collaboration and Innovation. The center was created in May 2007 to serve as a clearinghouse for collaborative and innovative efforts.
PSCU Financial's initial $50,000 contribution last year provided the start-up capital, NACUSO said. The association was able to develop its NACUSOMatch Directory, a collaborative Web-based networking tool that allows members to communicate service offerings and investment opportunities for credit unions seeking strategic partnerships. In November, NACUSO launched NACUSOMatch Forum, which allows members to give and receive feedback on a number of topics ranging from financial services to technology. NACUSOMatch currently provides more than 150 detailed listings through NACUSO's Web site (www.nacuso.org).
Dave Serlo, president of PSCU Financial, said the latest contribution will help with continued support of the collaborative model in 2008.
"Our motivation at PSCU is to continue supporting the value we see in NACUSO-generated solutions, designed to foster the collaboration and innovation needed to reverse down-trends in the industry as quickly as possible," Serlo said. "We believe this kind of information sharing will help create new growth in this industry and build upon the cooperation spirit that we have embraced for decades."
Supporting the center will help to ensure credit unions' survival, said Tom Davis, president/CEO of NACUSO.
"We feel strongly that PSCU's support will ensure timely solutions, through NACUSO, to help credit unions grow and survive in 2008 and the years ahead," Davis said. "Because of PSCU's generosity and foresight, NACUSO is becoming the premier provider of information about CUSOs and the many opportunities for collaboration.
NACUSO has been a strong advocate of collaboration, innovation as well as critical thinking and implementation within the industry. The four tenets are the pillars of NACUSO's center.
"We want to establish partnerships with organizations, groups, and individuals, inside and outside the industry, who can help credit unions thrive," Davis said.
--msamaad@cutimes.com
