As CUSOs, we often like to believe our line of products and services are the best fit for everyone. However, as Bob Anderson suggests, one size does often not always fit all, and offering a wide selection of vendors to choose from can only benefit your credit unions in the long run.
Credit union consolidation and mergers pose a threat to the industry’s many CUSOs and vendors, say Liz Winninger and Victor Pantea. Assisting credit unions in adopting a broker-like model, they argue, can help credit unions increase their product and service offerings and potentially avoid mergers altogether.
NetGiver announces Glynn Frechette as the new Chief Revenue Officer for the Minnesota based CUSO. With an extensive history serving both the financial and philanthropic spaces, Glynn’s experience with top-line revenue growth, leadership, and internal innovation joins NetGiver at a pivotal point of scale.
In a move opposed by credit union trade groups, Senators Jon Ossoff, D-GA, Cynthia Lummis, R-WY, and Mark Warner, D-VA, introduced a new bill that would provide NCUA with oversight powers over credit union organizations and service providers, reports CUSO Magazine’s Esteban Camargo.
What happens when a credit union-owned CUSO is sold? Chip Filson looks into the 2022 sale of Safe Harbor Financial to special purpose acquisition company North Lights Acquisition Corp.
Neighborhood Mortgage Solutions, a Credit Union Service Organization (CUSO) based in Michigan announced the launch of a new loan origination arm in November 2021, the NMS Retail Lending Division.