LITTLE ROCK, Ark. — After nearly a year on the drawing board, ARCUSO, LLC, the new indirect lending CUSO of the Arkansas Credit Union League aimed at attracting new business and members for small CUs opened for business last week.
"I like the numbers I'm seeing already," said the chairman of ARCUSO, Allen Brown, who also is president of the $65 million Mil-Way FCU, Texarkana, in assessing the early 65-loan dealer response since Friday's grand opening of the CUSO.
Among CUSOs, ARCUSO is unusual as a co-op investment venture since it is specifically targeted toward raising the auto lending profile for small CUs, which in some areas are unable to take advantage of the market because of their size.
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