LITTLE ROCK, Ark. — On a campaign to solicit more members and boost auto loans, the Arkansas Credit Union League disclosed last week it is making plans to enter the indirect field through its own CUSO.
The proposed CUSO, whose structure and financing are yet to be finalized, could be patterned after similar ventures undertaken by leagues or CU groups in Georgia, Texas and Colorado, said Arkansas League officials.
"Of the 40 states reporting, Arkansas ranks 40th in auto loan penetration and on that I think we can do better," said Larry Biernacki, president of the $500 million Arkansas Federal Credit Union, Little Rock, and the state's largest.
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