The National Association of Credit Union Services Organizations (NACUSO), the only trade association focused on growing and protecting the CUSO movement, has published a White Paper that seeks to answer the question: “Do CUSOs Really Make a Difference?”
“The short answer to the CUSO question is yes,” said Jack Antonini, CEO of NACUSO. “The difference for credit unions that collaborate through CUSOs can be significant.”
Jay Johnson, President of Callahan Financial Services and a NACUSO Director along with Guy Messick, the CUSO Guru and Legal Counsel for NACUSO have been searching for a way to measure the CUSO advantage through industry statistics. They set out to determine whether the use of CUSOs by credit unions correlates to better financial performance and stronger growth compared to credit unions that do not use CUSOs.
“We are excited to be able to share this research with the credit union world in a time of crisis.” said Antonini.“We firmly believe in the sixth cooperative principle: Cooperatives serve their members most effectively and strengthen the cooperative movement by working together, and this white paper helps quantify the value of cooperation and collaboration.”
To get a complimentary copy of the white paper click here, or visit www.nacuso.org