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.
Call it a sign of the times. A Utah-based CUSO has partnered with a firm that specializes in managing and selling real estate owned by financial institutions to offer those services to other credit unions.
A Utah CUSO has joined with a firm that specializes in real estate owned by financial institutions to offer services to other credit unions.
Accept this reality: How corporate credit unions were will not be again, at least not soon.
CU America, an Illinois based mortgage CUSO with over 50 member CUs reported that it had a record year in 2010, helping its members book roughly $100 million in mortgage loans.
Unemployment, rising debt and financial uncertainty are continuing to change the perception of those who are using payday loans.
For the sixth consecutive year, CU Direct Corp. said it has paid a dividend to its credit union shareholders, this time one for $1.4 million.
AMOCO Federal Credit Union, Texas City, Texas, paid out approximately $1 million in bonus dividends and loan interest refunds to its membership.