CUSO Development Company Adds Three CU Partners

ADA, Mich. — CUSO Development Company, LLC, a national holding company CUSO specializing in providing mortgage services to credit unions announced that Bellwether Community Credit Union of Manchester, N.H., Belvior Federal Credit Union of Woodbridge, Va. have become Class A investors and City of Alexandria Employees Credit Union of Alexandria, Va. has become a Class C partner.

“When dealing with a commodity such as a first mortgage, unless credit unions have the same competitive advantages as much larger ones, the industry as a whole will never be a primary source for member home financing”, said Cory Mackwood, a founder and principal of CDC.