Michael B. Magnavita, Franklin Mint Federal Credit Union executive vice president and chief financial officer,
Student lending CUSO Credit Union Student Choice and CUcorp, a wholly owned subsidiary of the Michigan Credit Union League, announced that they've joined in a strategic partnership.
Prior to the early 1990s, the CUSO concept may have looked like this: a CEO of a small credit union picks up the phone to ask the CEO of a nearby, much larger peer for help with say, training.
Two new hires recently came aboard at CO-OP Financial Services.
The year was 1969 and in a move to help credit unions meet more of the needs of their members, the South Carolina Credit Union League invested $45,000 to start a new subsidiary to make it happen.