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“CUSOs represent the entrepreneurs of our industry. Our ability to level the playing field with commercial banks and financial institutions really rests in the ability for credit unions, either singular or multiple credit unions to own a CUSO. CUSOs come in all shapes and sizes. There is no one size fits all. It’s incredibly bizarre to consider regulating CUSOs that are set up to make money, they’re for profit. Some are combined back office operations that create more efficiencies for credit unions, more economies of scale and today, with operating costs and compliance costs so high, they represent an answer that most smaller credit unions can’t afford to do internally.”
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Maximizing Credit Union Revenue through Strategic Loan Participations
Economic headwinds in the post-pandemic era have credit unions scrambling to find new sources of revenue. This white paper outlines how an often-underused resource--loan participations--can provide vital income to help you meet or exceed ROA targets.
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Scaling the Mountain of Cross-Border Payments: The Sherpa Approach to Success
Credit unions that include cross-border remittances in their product suite stand to generate significant funds flowing through their platforms. However, integration can be a tough and expensive nut to crack. Learn how a 'sherpa' can guide your organization to success.
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Modernize Legacy Back Office Processing With Continuously Maintained Solutions
This eBook explores the significant opportunity for credit unions to uncover new cost savings and efficiencies. Learn how upgrading and consolidating your back office systems can lower total cost of ownership and achieve maximum efficiency.
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