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Electro Savings CU Makes First Loan Through New CUSO

By Staff Writer

KIRKWOOD, Mo. - Heartland Business Services, LLC, a multiple-owned CUSO formed five months ago to provide back-office support for credit unions offering member business loans, and now one of the new CUSO's owners - Electro Savings CU - has made its first loan through the new service organization partnership. The...

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Innovation Expert to Lead NACUSO Conference

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May 02, 2006

NCUA: Federally Insured CUs are Strong; Keys to Continued Success are Balance Sheets, Net Worth

ALEXANDRIA, Va.-NCUA stated that credit unions are strong and healthy, but continued success lies in balancing the balance sheets while keeping an eye on net worth. "Federally insured credit unions continued their strong performance in 2005," NCUA's year-end report concluded. "This is reflected by record net worth levels and healthy...

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May 02, 2006

NACUSO to Recognize First CUSO Collaboration and Cooperation Award Winner

NEWPORT BEACH, Calif. - NACUSO has created a new recognition award - the CUSO Collaboration and Cooperation Award - and the first-time winner will be named on May 16 during this year's annual NACUSO Conference in Las Vegas. The award, said the association, is designed to recognize those CUSOs that...

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May 02, 2006

TCUL Reports 2005 Year-End Financial Position as `Well Capitalized and Liquid,' but Challenges Lie Ahead

GALVESTON, Texas - Despite facing formidable challenges in 2005, voting delegates at Texas Credit Union League's 72nd Annual Membership Meeting April 20 adopted a 2007 dues schedule that will keep dues at the 2006 rate. "When two of our largest credit unions became banks, dues took a hit," said TCUL...

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May 02, 2006

Credit Union Realty Breaks Out of CUSO Model to Expand Member Services

SCOTTSDALE, Ariz. - If Deb Jones had to choose one word that describes what's been the key to the success of CU Realty, LLC, she'd say "flexibility." That mantra not only applies to the credit union franchise's attitude towards its own CUSO businesses, but also describes the evolution of its...

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May 02, 2006

Valdov Urges Political Involvement, Participation In Financial Education and Mortgage Programs

GALVESTON, Texas - Political involvement is critical to protecting the viability of credit unions in the future, CUNA Chairman and Northwest Federal Credit Union CEO Juri Valdov told attendees at Texas Credit Union League's 72nd Annual Membership Meeting at the San Luis Convention Center here. "The political arena is where...

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May 02, 2006

House Ways & Means Committee Request for CUSO Information Underscores Need for Uniform System for Data Collection

MEDIA, Pa. - NCUA and NASCUS aren't the only ones under the microscope of the House Ways and Means Committee. CUSOs are in the mix also. While taking a closer look at credit unions' tax-exempt status, the committee came across CUSOs and learned the service organizations can provide many products...

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May 02, 2006

In Evolving CU Industry, CUSOs Are Ripe Environment for Product and Service Innovation

WEST PALM BEACH, Fla. - Innovation is critical to any business or industry to remain competitive, and CUSO leaders agree it's not only imperative for the credit union industry at this time in its history to remain innovative, but that CUSOs can be a catalyst in implementing creativity through collaboration....

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Top News Stories

Electro Savings CU Makes First Loan Through New CUSO

Innovation Expert to Lead NACUSO Conference

El Paso Affordable Housing CUSO Emphasizes Homeownership

Recommended Just For You

News Stories

NCUA: Federally Insured CUs are Strong; Keys to Continued Success are Balance Sheets, Net Worth

NACUSO to Recognize First CUSO Collaboration and Cooperation Award Winner

TCUL Reports 2005 Year-End Financial Position as `Well Capitalized and Liquid,' but Challenges Lie Ahead

Credit Union Realty Breaks Out of CUSO Model to Expand Member Services

Valdov Urges Political Involvement, Participation In Financial Education and Mortgage Programs

House Ways & Means Committee Request for CUSO Information Underscores Need for Uniform System for Data Collection

In Evolving CU Industry, CUSOs Are Ripe Environment for Product and Service Innovation