CUSCAL would simply be taking a sound concept and making it available for credit unions for loans of a much lesser magnitude, between -- say -- $10 million and $50 million.
An intermediate change option for credit unions would be for CUSCAL to supplement an in-house facility for syndicated commercial lending, through the establishment of a subsidiary in the Investissement Desjardins (ID) mould, specifically tasked to undertake funding for local and regional economic development.
In this option, the CUSCAL subsidiary would have incubator and business support functions akin to those of Empresarial Division of the Mondragon credit union, the Caja Laboral Popular, in the Mark I phase of Mondragon.
See letter to the author, 24 March 1998, from the General Manager (Subsidiary Operations and Third Party Relationships) of CUSCAL, Mr.
CUSCAL looks forward to working with the Diebold team as we strive to deliver a service to our customers which is consistent with their needs and assists them to manage a sustainable ATM business"
CUSCAL is the peak industry and service organization for Australia's credit unions, representing 175 credit unions, with around $25 billion in assets and 3.
CUSCAL provides credit unions with treasury and funds management services, transaction services, various wholesale and retail banking products, insurance products, data processing and communications, technology, public affairs, compliance, staff training, research, marketing, and other business services.
CUSCAL has maintained its rating each year since S&P first rated the organization in 1997.