News

CUSOs are dealing with many issues these days that are affecting their business model. NACUSO will explore these and other issues at its annual conference May 1-4. For now, read about some of them in a special report on pages 18-20.

PASADENA, Calif. - Wescom Financial Services, a wholly-owned CUSO of Wescom CU, together with Long Term Preferred Care Inc., a division of Cendant Corp., has begun offering long-term care insurance to Wescom's more than 180,000 members throughout Southern California. Members will be able to begin enrolling for the new program...

NEWPORT BEACH, Calif. - NACUSO plans to fully explore at its annual conference May 1-4 the effects on CUSOs if the Securities and Exchange Commission decides not to extend the license exemption applied to CUSOs under the Chubb Securities Letter of 1993, that allows CUSOs to share commissions with broker/dealers....

SAN DIEGO - What a difference four years have made in credit unions' experience with offering investment services to members through CUSOs. Valorie Seyfert, president of CUSO Financial Services recalls when she and COO Amy Beattie founded the company four years ago, CUs were just getting started with the service...

EL PASO, Texas -El Paso Credit Union Affordable Housing LLC hasn't given up its goal of being self-sufficient and providing mortgage loans to low-income El Pasoans, but the affordable mortgage lending CUSO has been forced to reevaluate its priorities for the time being until it finds adequate funding. Inspired by...

TWO RIVERS, Wis. - Lakeshore Investment & Tax Service has managed to beat the odds twice in its short lifetime, which isn't bad for a CUSO that's owned by five small credit unions ranging in size from $6 million to $60 million in assets. Just the fact that Lakeshore Investment...