One of the biggest challenges we face today is how to profitably grow while providing outstanding service and value to our members.
Overall loan demand is tepid and net interest margins are at historical lows as a result of the fragile economy. How do you overcome these issues and serve your members' financial needs? Leveraging one of the unique competitive advantages credit unions enjoy, the ability to collaboratively use CUSOs, is a key component of profitable growth strategies.
CUSOs can be utilized to achieve economies of scale as well as offer a broader set of products. Combined, these benefits produce greater earnings helping to facilitate growth through retained earnings.
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