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
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
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
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 […]
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 […]
Decedent, minor and other fiduciary accounts, such as those subject to powers of attorney, are particularly susceptible to fraud. While some of these instances of fraud may result from an ignorance of the law on the part of the person with whom the credit union is dealing, many times they are purposeful evasions of the […]
We lose approximately 250 to 300 credit unions per year to mergers, liquidations, and conversions. Only a handful of credit unions have been formed in the last ten years that survive today. While I understand that credit union assets and members are growing despite the reduction in the number of credit unions, I submit that […]
We often talk about collaboration in the context of business and product development; however, collaboration can also play an important role in regulatory compliance. It is undeniable that the current regulatory climate is complex and can even seem insurmountable at times. It is showing no signs of slowing down and credit unions will have to […]
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 […]
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 […]
