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MENLO PARK, Calif. — At their first organizational meeting, representatives from more than a dozen California credit unions spent nearly five hours talking about the possibilities a new CUSO could bring.

NorCal CU Strategies LLC is the brainchild of 16 California credit unions that have come together to form a product and service development CUSO geared toward credit unions with less than $100 million in assets. By collaborating, the hope is that they will not only be able to achieve economies of scale but avoid any duplication of efforts.

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