The California Credit Union League and CURoots Cooperative saidthey are in discussions to transfer the CUSO's ownership to theCalifornia League Services Corp.
|The Ontario, Calif.-based CUSO offers shared complianceservices, internal audit services and CUVitality, a collectivehealth benefits service for credit unions that offers medicalbenefit plans provided by Kaiser Permanente and UnitedHealthcare.
|“The ownership of CURoots would expand from 18 organizations to the 324 creditunions that own the California and Nevada Credit Union Leagues,”said Diana Dykstra, president/CEO of the California CU League.
|Under terms of the transfer proposal, all member credit unionswill become eligible for CURoots' preferred member pricing, according to the league.CURoots' services would continue interrupted.
|“This represents a great opportunity for CURoots users andpotential users who will benefit from the streamlining of effortsand the cost savings that will be realized,” said Gary Perez,CURoots board chairman and president/CEO of the $362 million USCCredit Union in Los Angeles.
|The sale and transfer of assets is subject to a membership votewith approval requiring a simple majority, the league said. Aspecial CURoots membership meeting is scheduled for Feb. 15.
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