ARLINGTON, Va. — CUSO activities are not big income generators for state-chartered credit unions regardless of their size, according to the NASCUS Survey of the State Credit Union System, which was released yesterday.

The survey, prepared for Representative Bill Thomas (R-Calif.) of the U.S. House of Representatives Committee Ways and Means, who requested information regarding state-chartered credit unions use of their tax-exempt status, showed that among state-chartered credit unions with less than $50 million in assets, only 3.25% of those reporting CUSO investments received more than $10,000 in annual net income. The survey collected data from 502 credit unions.

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