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Five Michigan credit unions have launched a CUSO, CUSO Edge, the new organization announced Tuesday. CUSO Edge will provide advisory services to other CUSOs and their owner credit unions, with a focus on CUSO investment and capital strategies, governance policies and practices, growth strategies and strategic plan reengineering.
The five owner credit unions of the new CUSO are: 4Front Credit Union ($1 billion, Traverse City, Mich.), Community Choice Credit Union ($1.8 billion, Farmington Hills, Mich.), ELGA Credit Union ($1.6 billion, Grand Blanc, Mich.), Team One Credit Union ($769 million, Saginaw, Mich.) and Honor Credit Union ($1.7 billion, Berrien Springs, Mich.).
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Dave Adams, who retired in 2024 after a 40-year credit union industry career that included serving as CEO of MCUL & Affiliates and CUSG, will serve as president/CEO of CUSO Edge.
“CUSO Edge owners have a vision for sharing resources to support both their existing and future CUSO investments,” Adams said. “Importantly, they are eager to share this collaborative model with credit unions in Michigan and across the country. I’m excited to join the team and see significant opportunities ahead.”
CUSO Edge also elected the following officers: Rob Bava, president/CEO of Community Choice, will serve as chairperson; Heather Luciani, chief strategy officer for Honor, will serve as vice chairperson; and Derrick Barber, CEO of TeamOne, will serve as secretary/treasurer.
“The five founding credit unions are already invested in over a dozen successful businesses and are continually seeking more opportunities. CUSO Edge represents the next step in our collaborative journey, and we are thrilled to welcome Dave Adams as our CEO,” Bava stated.
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