Small Credit Unions in Colorado/Wyoming Reap CUSO Benefits

ARVADA, Colo. — Small credit unions in Colorado and Wyoming can now cut technology and personnel costs in a major way thanks to a program leveraging their buying power through investment in a CUSO run by the Credit Union Association of Colorado.

“The human resources program operated by the CUSO has already cut our insurance costs by about 25% and saved us the equivalent of a full-time salaried employee,” boasted Horacio Peralta, president/CEO of the $17 million B.C.S. Community Credit Union of Wheat Ridge. Peralta, who also is chairman of the CUSO known as Credit Union Resource Group, said the program organized two years ago has been gaining popularity, with 21 Colorado and Wyoming CUs now as equity owner/investors.