Which credit union has the most dollars invested in CUSOs?

 
 

CUSOs have increased in prevalence in recent years as credit union executives see potential in the innovative and collaborative model that CUSOs provide. The average amount invested was just over $333,000 as of September 30, up from $271,000 in 2010. The list reflects the range of diversity of services offered by credit union service organizations from business lending and mortgage services to surcharge-free ATM networks and shared branching. 

As my colleague Cathy writes in What it Takes To Own A CUSO, "A wholly owned subsidiary offers credit unions relief from the chokehold that today’s tight interest rate margins and slow loan growth have on revenue by adding an additional source of income. But as attractive as subsidiaries are, even the savviest of credit unions can be tripped up by the rules restricting these investments — with considerable money at stake."

TOP CREDIT UNIONS BY DOLLARS INVESTED IN AND/OR LOANED TO CUSOS
© Callahan & Associates | www.creditunions.com

Rank Credit Union State Total Monies in CUSOs CU Assets # of CUSOs
1 Texans TX $141,201,980 $1,433,658,598 4
2 Wright-Patt OH $105,943,917 $2,513,705,071 8
3 Credit Union of Texas TX $91,386,365 $1,039,662,511 4
4 Kinecta CA $67,973,107 $3,157,019,375 7
5 Alaska USA AK $66,489,762 $5,033,189,026 9
6 Navy VA $48,883,422 $51,566,559,628 6
7 Mountain America UT $39,172,694 $3,334,411,575 9
8 Wescom CA $36,336,278 $2,448,665,339 13
9 State Employees NY $33,245,706 $2,502,179,170 4
10 United Heritage TX $28,833,243 $716,058,268 6
11 Hoosier Hills IN $23,546,151 $370,763,455 3
12 University of Iowa Community IA $20,310,156 $1,707,409,002 2
13 Lake Michigan MI $20,136,745 $2,702,100,983 2
14 Bellco CO $20,038,910 $2,204,878,534 17
15 Local Government NC $19,968,260 $1,244,068,060 4
16 ESL NY $19,826,434 $4,322,121,080 2
17 Meriwest CA $19,305,864 $1,067,432,209 3
18 Allegacy NC $17,230,220 $980,799,808 5
19 Suncoast Schools FL $16,662,009 $5,162,825,892 11
20 Capital Communications NY $16,370,449 $972,090,197 3


Generated by Callahan & Associates' Peer-to-Peer Software.

 
 

Jan. 21, 2013


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