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NEWPORT BEACH, Calif. — The credit union industry is being confronted with a changing financial business model and various issues such as decreasing membership growth, an aging membership, minimal market differentiation, commodization and consolidation, that it needs to deal with to remain competitive. By forming the National Center for Collaboration and Innovation, NACUSO wants to ensure credit unions and CUSOs can confront these challenges effectively.

NACUSO Chairman Tom Davis, president/CEO of Davis & Company, said the objective of the National Center is to “establish, operate and maintain a unifying structure to support the credit union industry.”

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