Auto lending CUSO CU Direct Corp. and a Scotland-based CUSO have received approval to become associate members of the World Council of Credit Unions.
"Credit unions worldwide are achieving greater efficiencies, accessing high-level expertise and investing in technology through credit union-owned business associations," WOCCU President/CEO Brian Branch said in a statement. "We are happy to welcome both CU Direct and CUSSCO, not only for the strength they bring their credit union partners, but also their anticipated contributions to World Council's international community."
The Ontario, Calif.-based CU Direct is the parent company of CUDL, Lending Insights, Lending 360 and CUDL retail brands. It serves more than 950 credit unions and 7,000 dealerships in the United States.
CUSSCO Ltd. is the other new WOCCU associate member. The information technology CUSO is jointly owned by Capital Credit Union Ltd. in Edinburgh, Scotland, and Scotwest Credit Union in Glasgow. WOCCU said both credit unions have been active members for many years.
The WOCCU board approved both CUSOs’ membership applications at its meeting earlier this month in Lima, Peru. Representatives from CU Direct and CUSCCO will be formally recognized at the council’s 2012 annual general meeting, which will be held in conjunction with the organization's World Credit Union Conference, July 15-18 in Gdańsk, Poland.