Sign In
Sign In
“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.”
Recommended Stories
Navy Federal Launches New Initiative to Continue Its Member-Focused Mission
The world’s largest credit union enters a new phase of always putting members first.
Credit Union Branches Increase in 2022
But the count still lags the pre-pandemic level the industry saw at the end of 2019.
15 Professionals Elevate Their Credit Union Careers
The California and Nevada Credit Union Leagues hire a new SVP of federal government affairs.
Resource Center
Information Brief
Sponsored by Alogent
Do Your Deposit Solutions Need a Refresh?
What are your credit union’s payment modernization goals? Ask yourself these questions to assess your goals and ensure sustainable, scalable, cost-effective success well into the future.
Case Study
Sponsored by Extole, Inc.
Case Study: SkyOne FCU Member Acquisition Soars During Pandemic Peak
This case study explores how SkyOne FCU was able to automate their referral program and generate high quality members during the pandemic while creating a well-functioning concierge program.
eBook
Sponsored by Alogent
How to Leverage An API-Driven, Open Banking Payments Platform to Make Members Happy
Are your credit union members facing an inconsistent cross-channel experience that is frustrating and failing to meet their expectations? Download this eBook and learn how to deliver a modern, familiar, cross- channel experience for members that reduces overhead costs and improves efficiency.
Credit Union Times
Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!
- Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
- Exclusive discounts on ALM and Credit Union Times events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2023 ALM Global, LLC. All Rights Reserved.