A credit union investment CUSO is positioning its investment options for increased business as it anticipates an early redemption by Western Bridge of more than $4 billion in CDs by Oct. 3.
The problem with the NCUA’s CUSO proposal is that the focus is on supervisory oversight of CUSOs rather than their relationships with credit unions.
CUSO makes bid for some of the funds it says will be made available as Western Bridge redeems $4 billion in CDs.
While some in the industry would be opposed to a mandate that would require CUSOs to provide financial records to the NCUA and state regulators, a small minority are seeking another form of transparency.
With much more at stake, it is no surprise that credit union service organizations are sounding the alarm louder than credit unions regarding an NCUA proposal that would alter how CUSO relationships are regulated.
Syracuse CU joins client list of 200-plus for 3-year-old D.C.-based student lending CUSO.
Growth for North Carolina’s State Employees’ Credit Union’s investment services subsidiary has come at a slow and steady pace. And that’s what the cooperative wants.
Plan allows credit unions outside CUSO's network to link their members to student loan products.
Federal credit unions can invest in or buy an insurance agency as a credit union service organization as long as the entity meet’s the NCUA customer base requirement.
Agency says FCUs can invest in or buy an insurance agency as a CUSO as long as the entity meets its customer base requirement.