CUSO trade association publishes white paper that quantifies the value of a CUSO relationship
NEWPORT BEACH, CA (April 29, 2020) — 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
NACUSO (National Association of Credit Union Service Organizations) was formed in 1985 to help credit unions explore the use of CUSOs and the delivery of non-traditional products and services. Over the years, NACUSO’s focus has evolved to educating credit unions on the benefits of collaboration, helping credit unions find innovative collaborative partners & solutions, helping CUs form multi-owned CUSOs that help credit unions achieve economies of scale, risk reduction and obtain expertise, as well as being the collaboration focused regulatory & legislative advocate for CUSOs and their credit union owners.