News/Articles
articles submitted by:
Brian Lauer
Client Corner – CU Rise Analytics
Messick Lauer & Smith PC continues its semi-regular Webinar series. This Client Corner features CU Rise Analytics. Learn more about how CU Rise Analytics is helping credit unions to provide superior member service. Here is the link to this webinar: https://vimeo.com/478186485 For more information regarding CU Rise Analytics and their services, please visit their website: […]
CU Crossroads – Brian Lauer, Partner at Messick Lauer & Smith P.C.
The next guest on CU Crossroads- 5 Question Series was Brian Lauer, Partner at Messick Lauer & Smith P.C. The topic of discussion with him was ‘Changes in Focus of Credit Unions and CUSOs’. Below are the takeaways from his interview: One of the key changes that many CUSOs are adjusting to during the pandemic […]
Client Corner – DoubleCheck Solutions, LLC
Messick Lauer & Smith PC continues its semi-regular Webinar series. This Client Corner features DoubleCheck Solutions, LLC. Learn more about how DoubleCheck Solutions, LLC is helping credit unions to provide superior member service. Here is the link to this webinar: https://vimeo.com/459107418 For more information regarding DoubleCheck Solutions, LLC and their services, please visit their website […]
Client Corner: LenderClose
Messick Lauer & Smith PC continues its semi-regular Webinar series. This Client Corner features LenderClose. Learn more about how LenderClose is helping credit unions to provide superior member service. Here is the link to this video: https://vimeo.com/436912700 For more information regarding LenderClose and their services, please visit their website www.lenderclose.com
Why Credit Unions Are “Investing In” Fintech Today?
https://attendee.gotowebinar.com/recording/4453736074064474371
At NACUSO Annual, Compliance Quartet Highlights Hot-Button Issues
Regardless of credit union leaders’ politics, one CU advisor says from a compliance perspective “there have not been a lot of negatives” since President Trump took office in early 2017 . . . Please click here to read more. [Subscription may be required]. This article, written by Michael Bartlett, was originally published in the […]
How to Keep Innovation Flowing – CUSOs, Startups, and Equity Options Copy
CUSOs are investing in startups and fintech to add innovative services and products in a dynamic financial services industry. The success of these organizations rests on talented individuals who often come from the for-profit world and have different motivators than those in the traditional, non-profit credit union model. In order to maximize the value of […]
CUSO Reviews: How to Get Ready.
Messick & Lauer P.C. host this webinar regarding CUSO reviews. The NCUA CUSO Registry re-opened for CUSOs to reaffirm the data submitted to the NCUA last year. From here on out, this reaffirmation will be done annually. The question is what will the NCUA do with this data. The likely answer is prioritize reviews (examinations) […]
Insurance Services: An Opportunity for Credit Union Growth
The insurance industry presents a unique opportunity for credit unions to grow strategically. Insurance is not only a way to add value for members, but also presents a source of non-interest income. Chances are your members have some type of insurance, whether its healthcare, auto, property, or life and if they’re not getting these services […]
Public Search of CUSO Registry Live
We have been through the pain of implementing the new regulation. We have registered our CUSOs and scratched our heads over the types of information the NCUA requested as part of the CUSO registration process. But now we are able to reap one benefit from the hard work. We can now search the publicly available […]
Five Ways CUSOs Are Serving Changing Needs Of CUs
How are CUSOs helping credit unions and their members? The approaches are changing, as are the needs of members coming out of the recession. Please click here to read more. [Subscription required] Brian Lauer, Partner with Messick and Lauer P.C., is quoted in this article written by Ray Birch which was originally published in the […]
What Will Future of MBLs Look Like Under New NCUA Rule?
Credit unions, mark your calendars for Friday, May 13. That’s when, under a new NCUA rule, member business loans will not require a personal guarantee under certain circumstances. That’s the biggest change in the final rule approved by the agency last month, according to industry insiders and experts. Please click here to read more. [Subscription […]
Now that CUSOs Have Registered with NCUA, What’s Next?
The National Credit Union Administration required all credit union service organizations to register by March 31, and while the process went mostly smoothly, some CUSOs now worry what will happen with the information they have provided the regulator. Please click here to read more. [Subscription required] Brian Lauer, Partner with Messick and Lauer P.C., is […]
Change to the CUSO Registry Acknowledgment
During the process of assisting with CUSO Registry questions, it came to our attention that in order to complete the CUSO Registry, CUSOs were required to agree to be bound by statutes that apply to credit unions which imposed penalties that are not applicable to a CUSO. On behalf of NACUSO and the many CUSOs […]
Is the Pendulum on the Back Swing?
We have worked through a difficult regulatory period for the last five years or so, including both regulatory retraction and regulatory overreach. We had Reg Flex revoked and too too many regulations imposed upon credit unions. But is the pendulum changing directions? There have been several news reports and proposed regulations that appear to say […]
Protect CUSO Operations Against Scrutiny
The following is a link to an article published in the Credit Union Times wherein a member of our firm is quoted. Protect CUSO Operations Against Scrutiny by Michell A. Samaad 3/6/2011 http://www.cutimes.com/2011/03/16/protecting-cuso-operations-against-scrutiny
CUSOs Can Falter After Mergers and Conservatorship
The following is a link to an article published in the Credit Union Times wherein a member of our firm is quoted. CUSOs Can Falter After Mergers and Conservatorship by Michell A. Samaad 11/24/2011 http://www.cutimes.com/2011/07/24/cuso-can-falter-after-mergers-and-conservatorships
Net Seller Model May Create More Control
The following is a link to an article published in the Credit Union Times wherein a member of our firm is quoted. Net Seller Model May Create More Control by Michell A. Samaad 11/14/2012 http://www.cutimes.com/2012/11/14/net-seller-model-may-create-more-control
OnApproach, LLC to Acquire Technology Navigator, LLC
Plymouth, MN (June 13, 2014)–OnApproach, a leading provider of reporting and analytics solutions to credit unions, announced today that it has entered into an agreement to acquire Technology Navigator. Technology Navigator is a Credit Union Service Organization (CUSO) providing reporting and analytical solutions to analyze risk, assess lending and certificate portfolio makeup, address key performance […]
The “Net Seller” Revenue Leverage
Credit unions want revenue and those credit unions that are able to book good yielding loans do not want to give that yield up. But retaining all the yield from loans is not always the best business decision. If a credit union has a high loan demand it is much more advantageous to be a […]
Preparing for Questions About CUSO Separateness
There are many reasons why a credit union would invest in a CUSO instead of providing the same services directly through the credit union. These reasons may be that the CUSO is a collaboration of several CUSOs to create economies of scale, that it would be too cost prohibitive to initiate the service from the […]
Compliance and Proposed Rules
Like most people, I am getting tired of the regulatory onslaught. But, we need to stay diligent. There are advantages to paying attention. First and foremost, you might be able to influence the regulator and reduce the adverse consequences of a new rule. The industry spends a lot of time and a lot of effort […]
It’s Ten O’Clock. Do You Know What Your CUSO is Doing?
Many have heard that the NCUA is setting its sights on CUSOs because CUSOs are playing a more important and influential role in the credit union industry. You may have read the transcript of Chairman Matz’s testimony before the Senate, or you are experiencing it first hand with a zealous examiner shining his or her […]