LITTLE ROCK, Ark. -- The Arkansas Credit Union League has picked"Arcuso" as the name for its indirect CUSO having filedincorporation papers with the Arkansas Secretary of State.
|"We're still on track to be ready for business by Sept. 1," saidBecky Brosius, chair of the league and president/CEO of AlcoaCommunity Credit Union of Benton in discussing the limitedliability CUSO.
|She declined to reveal details of the capital offering except tonote that $1 million is to be raised to launch the CUSO which willhave its headquarters in a central Arkansas community.
|While other state leagues have previously joined up in co-opdeals with individual CUs, Arcuso represents a somewhat novelapproach on indirect in which all Arkansas CUs are being asked toinvest in the firm underscoring a statewide push to generate loanvolume and members.
|Credit union officials were particularly pleased about selectionof the name that incorporates "Arkansas" and a play on "our."Listed as agent for Arcuso with the Secretary of State's office isReta Kahley, president/CEO of the league.
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