Led by several key drivers, second-quarter profits for auto buying service CUSO Autoland Inc. were 76% ahead of forecasted earnings.
Philadelphia CUSO said through June 30, it closed 169 loans for $39.5 million for its 12 owner credit unions in Pennsylvania and Delaware.
After looking at two other broker-dealers, Virginia credit union moves investment and wealth management program to CUSO Financial Services LP.
An auto loan portfolio worth $463 million and vehicle lending as a core product for over 50 years were factors that put Mission Federal Credit Union ahead of the pack during the bidding process for Autoland Inc.
How do you steer a brand out front, convince all involved of the potential savings and still deliver a suite of products and services to credit unions, hopefully, seamlessly? Consider a merger.
It is crazy how quickly a once thriving CUSO can suddenly find itself on its back sucking for air and worrying about its future. I have seen this many times and the answers usually aren’t buried that deep. Let’s examine some of the ways on how not to get derailed...
This preview from next week's print edition takes an in-depth look at Mission FCU's acquisition of the Autoland CUSO.
More than a year after co-parent Telesis Community Credit Union’s financial woes pushed it into conservatorship, auto buying CUSO Autoland Inc. said it is looking forward to a fresh start.
“This allows us to stay in the credit union family as a CUSO, with a strong strategic credit union as the majority owner."
Purchase ends CUSO's management by NCUA since failure of Telesis Community Credit Union.