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Russ Rosendal of Salal Credit Union tells how his credit union and others built a compliance CUSO from the ground up.

LAKE BUENA VISTA, Fla. — In 2010, nine credit unions began early talks on launching a CUSO that could potentially provide relief from the rising expenses associated with compliance.

By 2013, four decided to move forward with each investing $250,000 towards the new entity. The $364 million Salal Credit Union in Seattle was one of the founders.

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