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CUSCAL

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AcronymDefinition
CUSCALCredit Union Services Corporation Australia Limited


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The Pegasystems eCRM solution is the system implemented by Corvis (formerly the Commercial IT Unit) of CUSCAL (Australian Credit Union Services Corporation) under the enterprise-wide licence granted to it by Pegasystems in 1999.
The double-'A'-minus/Stable/'A-1'-plus counterparty credit ratings on CUSCAL were affirmed following the announcement of the sale of Bridges for A$148 million cash and A$20 million of shares in the listed entity Tower Ltd.
As the largest of three SSPs for Australian credit unions, CUSCAL fulfills the role of central banker in the credit union industry, providing intermediation, management of prime liquidity funds, and other financial nonintermediation services to its member credit unions, which equal 83.
 
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