Tips for Managing Your Next CUSO Examination

Tips for Managing Your Next CUSO Examination

CUSO examinations, while less frequent than credit union examinations, are no less stressful or thorough. Patrick Sickels advises on how best to prepare yourself and your staff ahead of time for an audit to make sure you pass with flying colors.

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Your Results May Vary: The Hidden Price of Customization

Your Results May Vary: The Hidden Price of Customization

Dawn Moore warns credit unions against diving too deep into customization as the result can make shared resources and support materials confusing enough to members that they become useless.

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Comply-YES! Continues First Year Momentum: Adds Five Credit Unions and one CUSO in Q3 2021

Comply-YES! Continues First Year Momentum: Adds Five Credit Unions and one CUSO in Q3 2021

Comply-YES! continues its first-year momentum by establishing ally (client) relationships with five new credit unions and one new Credit Union Service Organization (CUSO).

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What Harper Got Wrong with the CUSO Rule Vote

What Harper Got Wrong with the CUSO Rule Vote

Vic Pantea shares his thoughts on the recent CUSO rule approved by the NCUA board, and why Harper got the vote wrong.

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NCUA Board to Consider Final CUSO Rule on October 21

NCUA Board to Consider Final CUSO Rule on October 21

The National Credit Union Administration board on Oct. 21 will consider a final rule governing the permissible activities for Credit Union Service Organizations—an issue that has been a contentious one for board members in the past, reports David Baumann of the Washington Credit Union Daily.

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Credit Union Trade Groups Endorse Proposed CUSO Rule While Consumer Groups Argue Would Authorize Predatory Lending

Credit Union Trade Groups Endorse Proposed CUSO Rule While Consumer Groups Argue Would Authorize Predatory Lending

Two stories from David Baumann of the Washington CU Daily: Saying that the NCUA’s current rule governing Credit Union Service Organizations is sorely outdated and hampers innovation, CUNA and NAFCU are calling on the agency board to finalize an updated regulation. The National Credit Union Administration’s proposed Credit Union Service Organization rule would allow CUSOs to become predatory payday lenders that could make loans that far exceed the interest rate in the Federal Credit Union Act, consumer groups are warning.

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A 50th Anniversary “Framing Story”: Tomorrow—We’ll Meet You There

A 50th Anniversary “Framing Story”: Tomorrow—We’ll Meet You There

Chip Filson shares his thoughts on the 50th anniversary of cooperative CUSO CU*Answers and the message they sent to owners.

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How Cooperatives Cause Disruption In Any Industry

How Cooperatives Cause Disruption In Any Industry

As cooperatives, credit unions are well aware of the ways they benefit to members. The same can be said of the cooperatives that serve those same credit unions, says CUSO Magazine Supervising Editor Esteban Camargo.

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Bankers Asking NCUA to Extend Comment Period for Proposed CUSO Rule

Bankers Asking NCUA to Extend Comment Period for Proposed CUSO Rule

After the proposed CUSO lending rule change approved in January by the NCUA Board, bankers are asking for more time to comment.

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What to Consider When Forming a CUSO

What to Consider When Forming a CUSO

CUSOs are formed for all sorts of reasons. Sometimes for access to tech, sometimes for lowered costs, sometimes for shared resources, and sometimes even all three. Scott Page shares some considerations credit unions should think through when forming a new CUSO.

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