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From the March-05, 2008 issue of Credit Union Times Magazine • Subscribe!

Services Offered by Multi, Wholly-Owned CUSOs Demonstrate Large Divide

WASHINGTON -- Comparisons between services offered by multi-owned CUSOs and wholly-owned CUSOs find patterns which are practically reversed.

For multi-owned CUSOs, lending services top the list at 38.3%, whereas the same services account for just 14.7% of services offered at wholly-owned CUSOs, according to data from Callahan & Associates, Inc. The same is true for financial services, which often includes investments and insurance. Roughly 16% of multi-owned CUSOs offer financial services, compared to almost 60% at wholly-owned CUSOs. The flip-flop can also be seen with technology services.

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