WASHINGTON – Callahan & Associates has published its 2005 Directory of Credit Union Service Organizations, and the data show the CUSO impact is growing in the wide variety of markets credit unions are involved in. The data collected is based on surveys returned to Callahan by credit unions. “Because CUSOs enable activity outside the credit union charter, there is little centralized information about their scope and activity. No source exists for all CUSO data,” the report states. Based on its analysis of the data, Callahan concludes that “even with very limited data on all except the few largest CUSOs, it is clear that CUSO impact is growing. CUSO successes are becoming models for future efforts at creating strategic advantages for credit unions. In fact, CUSOs may be the key to future performance breakthroughs as well as responding to some of the challenges of growth and narrowing margins facing most credit unions today.” Among some of the top line findings: * at June 2005, 1,618 credit unions reported either a loan to or an investment in a CUSO. * the total of all credit union investments and loans to CUSOs is over $650 million. * a total of 620 wholly-owned CUSOs are listed and 138 multi-owned CUSOs are listed. Copies of the 2005 Directory of Credit Union Service Organizations can be ordered through Callahan’s Web site, www.creditunions.com.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.