Credit Unions Embrace the Cooperative Business Model of CUSOs

The face of America's credit union service organizations may be changing but the main objective of servicing the member remains the same. Many credit unions have recently turned their sights to the cooperative business model, joining forces with other credit unions to offer unique products and services to their members. From shared branch and ATM networks to insurance and investments, credit unions are experiencing the benefits of these collaborative efforts.

 
 

The face of America's credit union service organizations may be changing but the main objective of servicing the member remains the same. Many credit unions have recently turned their sights to the cooperative business model, joining forces with other credit unions to offer unique products and services to their members. From shared branch and ATM networks to insurance and investments, credit unions are experiencing the benefits of these collaborative efforts.

Today's CUSOs have grown in strength and numbers as there are now more than 700 CUSOs in existence. While wholly owned CUSOs are still more prominent with more than 500 in the U.S., more and more multi owned CUSOs are being formed as a result of the cooperative model.

Listed below are the top 25 credit unions in CUSO activity and their total loans and investments as of December 31, 2002. Peer logo - denotes Peer-to-Peer Financial Software user

 

 

 

April 14, 2003


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