NACUSO said an NCUA letter on the third party brokerage arrangements for the sale of nondeposit investment products contains duties that credit unions may not have the expertise to perform.
A new legislative and regulatory advocacy committee with a focus on issues affecting CUSOs and their credit unions is the latest effort coming from NACUSO.
If a provision requiring CUSOs that use a corporate credit union's services to pay a voluntary payment to the Temporary Corporate Credit Union Stabilization Fund goes through,
CUSOs using a corporate credit union's services may seek liquidity outside of the industry if a provision requiring them to pay a voluntary payment to the Temporary Corporate Credit Union Stabilization Fund goes through.
The National Association of Credit Unions has picked Jack Antonini, former president/CEO of Cardtronics, the large Houston ATM vendor, as its new president/CEO.
Jack Antonini, former CEO of Cardtronics, the large Houston ATM vendor, has been named president/CEO of the National Association of Credit Union Service Organizations effective Dec. 1.