Credit union people are like family to me but like family sometimes there is a need to have a heart-to-heart talk. There is a crisis in our industry but very few of the people associated with the industry publicly acknowledge it… Continue reading →

A CUSO, like any other business, needs careful planning if it’s going to make sense for your CU and become a viable business. If you and your CU are thinking about starting a CUSO, what should you be thinking about? Continue reading →

Sometimes things are so clear that they are almost self-evident. For credit unions it is clear that the credit union model is evolving in front of our eyes. Continue reading →

For years bankers have been portraying credit unions as lovable but bumbling folks making us sound a bit like Forrest Gump. Is that so bad? Continue reading →

A. Philosophy Re: Collaborations Collaborations are an essential element in the operations of the Credit Union. Collaborations enable the Credit Union to be able to provide services more efficiently and effectively and to provide valuable financial services to members that … Continue reading →

Scrutinize a CUSO’s experience, business model, cash flows, and financials. Continue reading →

SERVICE PROVIDER POLICY A. Philosophy Re: Service Providers Creating beneficial and effective relationships with Service Providers is essential to the successful operations of the Credit Union. Service Providers enable the Credit Union to be able to provide services more efficiently … Continue reading →

The reasons for using a CUSO are as follows:

1. A CUSO is still needed to legally provide some services. For example, if a credit union desires to provide nondepository trust services or to be engaged as an active Continue reading →

The vast majority of people who work at NCUA and the state credit union regulatory agencies fully appreciate that credit unions need economies of scale and more expertise in order to survive and thrive in today’s regulatory climate. Continue reading →

Collaborations are an essential element in the operations of the Credit Union. Collaborations enable the Credit Union to be able to provide services more efficiently and effectively and to provide valuable financial services to members that Continue reading →