Callahan and Associates’ 2005 Directory of Credit Union Service Organizations presents a few of the following interesting facts on why CUSOs are gaining more respect and clout in the movement: * PSCU Financial Services has more than $221 million in assets and over 500 owners. As the largest CUSO in terms of assets, it generated more than $237 million in net income before patronage refunds in 2004 and processes over 8.5 million credit-debit card accounts for the members of its owner CUs. * EFT CUSO CO-OP Network provides access to 20,272 surcharge-free ATMs and over 6,000 shared deposit locations throughout the US. Total transactions in 2004 topped a billion representing a 21% increase over the prior year. * Mortgage CUSO Prime Alliance has expanded ownership to 15 credit unions and collectively underwrote over 117,000 mortgage loans for $23 billion or approximately 40% of all credit union originations in 2004. * Indirect lending CUSO CUDL has generated $7.1 billion in auto loans for over 500 CUs and 331,795 members.

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

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

  • Critical 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 and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


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 and

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

Copyright © 2023 ALM Global, LLC. All Rights Reserved.