LAS VEGAS — CUSOs that offer mobile banking and student lending services are expected to be among the most sought after by credit unions.
Jay Johnson, executive vice president at Callahan & Associates, discussed how credit unions that have an investment in a CUSO have an edge over those that do not at a session Thursday during NACUSO's annual conference in Las Vegas.
Johnson said there are about 700 CUSOs in the industry, with 180 of them being multi-owned and the rest wholly owned. Financial services and investments make up the bulk of the offerings from multi-owned CUSOs while technology services are among the dominant ones coming from wholly owned CUSOs.
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