AMOCO FCU welcomed as owner-investor in CU Alliance CUSO
HOUSTON, TX (April 13, 2023) — CU Alliance®, a multi-service Houston Credit Union Service Organization (CUSO), is pleased to welcome AMOCO Federal Credit Union as an owner-investor. “CU Alliance is excited to welcome AMOCO FCU to our family of owner credit unions.” Said Adrian Dominguez, President, and CEO for CU Alliance. “We firmly believe that AMOCO’s leadership competencies within the movement can greatly contribute to the future growth of CU Alliance.”
“While CU Alliance has been a partner for many years, AMOCO is very excited to join the CUSO as an owner credit union. We believe this partnership creates an opportunity to enhance both organizations’ continued growth into the future.” Said Jeremy Silva, Chief Financial Officer for AMOCO FCU.
About CU Alliance
Founded in 1998, CU Alliance, LLC (CUA) is a Credit Union Service Organization (CUSO) that offers multiple loan aggregation services for Credit Unions. Everyday Credit Unions compete to retain member automobile and home loans in a very competitive and technologically driven marketplace. CUA offers Credit Unions a way to respond by leveraging CUSO resources, best practices, and technology to help Credit Unions thrive in the consumer lending business.
CU Alliance, LLC, manages the operations of several Credit Union loan-growth products and services in several markets for more than two hundred Credit Unions and multiple CUSOs in 14 states by providing Indirect Auto Lending, Mortgage Products, Online Car Shopping Tools, Real Estate, and Insurance Services.
About AMOCO: Chartered in 1937, the credit union has grown from $28,000 in assets and 170 members to more than $1.3 billion in assets and over 100,000 members and counting. AMOCO continues to grow largely due to the satisfaction and loyalty of members and the commitment of their volunteers and staff.
