maintained its hybrid approach to outsourcing allows credit unions to boost efficiencies and security while reducing costs.
Adrian Dominguez, president/CEO of CU Alliance, stated, to aid in moving for a new source of non-cyclical fee income, CUSO
planed to offer its credit union partners with an insurance solution.
The agency created the CUSO
registry as a "direct result of lessons learned from the failure of nine CUSOs
that caused more than $300 million in direct losses to the share insurance fund and resulted in the failures of consumer credit unions with more than $2 billion in assets," NCUA Communications Specialist Ben Hardaway said earlier this year.
Established in 1997, CUSO
Financial Services works with more than 150 credit unions across the country.
Within a CUSO
the voices of individual credit unions are more than heard -- they are driving decisions, fulfilling visions and opening doors for all who participate.
Included on the CUSO
registry page are a host of support materials, including a user manual, instructions, quick guides, FAQs and supervisory guidance related to changes to the NCUA's rules governing the relationship between credit unions and CUSOs
The company said the CUSO
leverages an enterprise cloud platform and is the result of more than $200 million in invested capital.
, announced the availability of a free mobile app, It's Me 247.
Just in time for Monday's opening of the NCUA's CUSO
Registry, NACUSO released guidance last Wednesday in response to concerns voiced by credit unions and their CUSOs