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LAS VEGAS — Data show that credit unions that have invested in a CUSO have a competitive advantage over those that have not.

That was the sentiment expressed by Jay Johnson, senior vice president of Callahan & Associates. He said there are about 700 CUSOs. In 2010, credit unions invested $2 billion in CUSOs with one-third of CUs having a CUSO tie, according to Johnson. Nearly 93% of credit unions that use CUSOs have assets over the $1 billion mark. Nearly 70% in the $100 million to $250 million range work with CUSOs.

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