Over the past ten years, growing credit union cooperation has led
to the development of almost 130 multi-owned credit union CUSO's.
Some of these organizations are large national firms such as PSCU
Financial Services with over 500 credit union owner-users, 7.0 million
member accounts and $327 million in annual revenue.
Other multi-owned CUSO's are local in focus such as UniTrust in
Arlington, VA which serves the broker-dealer service needs of its
six local owners.
All these firms share a common value of cooperative effort for mutual
advantage. These organizations also share common business challenges
- Developing a viable capital structure;
- Expanding sales beyond the owner group to other credit unions;
- Finding and rewarding professional management;
These firms are becoming more critical in every aspect of credit
union activity from surcharge free ATM networks, to mortgage lending
and servicing, to shared branching and providing access to mutual
fund and stock purchases. Even in a traditional activity such as
auto lending, Credit Union Direct Lending and other local CUSO's
are demonstrating that there is a direct correlation of auto lending
market share and cooperation.
The role of these firms is so important that Callahan & Associates,
Inc. has published a completely new Directory
of Credit Union Cooperatives. This 158 page publication provides
a complete list of the 130 multi-owned and the over 600 wholly owned
CUSO's. Key partnerships and selected financial data is also provided.
To track this important new industry segment order this newly published
Directory by clicking here.