Supporting Service Vendor Diversity as a CUSO
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.
Strategies to Avoid Mergers: Economies of Scale
When merging, credit unions often cite a lack of scale and economic capability. Liz Winninger and Vic Pantea discuss ways CUSOs can offer support these credit unions to help combat the rise of mergers in the industry.
Strategies to Avoid Mergers: Adopting a Broker Model
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.
Do It Yourself Or Do It Together?
Thomas Hull discusses the decision-making behind when a credit union should tackle something on its own versus when it should rely on its network.
NetGiver welcomes Glynn Frechette as new CRO
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.
Unlocking the Power of Financial Ratios Part Two
Continuing their series on financial ratios, Bob Frizzle, Patrick Sickels, and Christen Lipschutz share a few additional ratio tools to utilize looking to determine a CUSO’s financial stability.
Unlocking the Power of Financial Ratios Part One
Bob Frizzle, Patrick Sickels, and Christen Lipschutz explain some helpful ratios to use when looking to determine a CUSO’s financial stability.
NCUA to Receive Third-Party Oversight with New Bill Introduced
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.
Going Public: A Credit Union, Their CUSO, and a SPAC
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 Hires New MLO To Retail Lending Division
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.
