In my thirty years of forming credit union collaborations, I have come to see common lessons, especially in multiply owned CUSOs providing one or more back office operational services. I examine twelve of those lessons in these types of CUSOs. (more…)
Events
2020 NACUSO Network Conference
Save the date of April 20-23 for NACUSO’s 2020 NACUSO Network Conference to be held at the Disney Yacht & Beach Club in Lake Buena Vista, Florida. Details will be available soon on our conference website at https://www.nacusonetwork.com to book hotel and for more information.… Read more
2019 Next Big Idea Winner & CUSO of the Year Winners
The 7th annual Next Big Idea winner is Zogo Finance. Bolun Li, Founder of Zogo began his presentation by asking the attendees to raise their hand if they had teenagers, now or in the past. And then he did an amazing job explaining to a room full of parents how his product can both educate and motivate teenagers. A daunting task to be sure. Zogo received 55% of the audience’s votes to claim the victory. Click here for photos and to watch his post-victory interview with Mike Lawson, CUbroadcast.
Click here to see photos and read about who the winners of this year’s CUSO of the Year and New CUSO of the Year Awards were.
CUSOs in the News
Rochdale Paragon Group and Constellation Digital Partners Forge Fintech Due Diligence Alliance
Constellation Digital Partners, the winner of the 2017 NACUSO Next Big Idea Competition, is excited to announce a new strategic partnership with leading vendor management solutions provider, Rochdale Paragon Group. The exclusive partnership with Rochdale Paragon offers one-stop vendor due diligence reviews of Constellation service providers in order to deliver complete transparency and confidence to credit union buyers within the Constellation marketplace.
Regulations require credit unions to maintain effective vendor management programs. This new partnership will aid credit unions in making their vendor due diligence processes more efficient. Once fintech providers complete the Rochdale Paragon assessment process, credit unions will be able to obtain a pre-completed vendor due diligence review package in order to evaluate the suitability of potential technology partners. This alliance helps both credit unions and fintech providers improve speed-to-market by saving valuable time and effort throughout the sales process.
BeFit Financial FCU converts to CU*NorthWest
Liberty Lake-based core data processor, CU*NorthWest, announced that BeFit Financial FCU of Vacaville, CA, successfully converted to the CU*BASE® data processing system. The credit union represents 3,805 members and $37.8 million in assets.
BeFit Financial FCU was able to offer its members new and improved services through CU*NorthWest including It’s Me 247 Online Banking, mobile banking, and electronic document storage. Credit union staff will have access to a wide variety of tracking and reporting dashboards as part of the comprehensive data processing system, allowing them to better serve existing members.
BeFit Financial FCU represents the 17th California-based credit union selecting CU*NorthWest as their partner for core processing services.
About CU*NorthWest, Inc.
CU*NorthWest was founded in 2005 as a part of the cuasterisk.com network of credit unions and CUSOs. It is a 100% credit union-owned cooperative CUSO located in Liberty Lake, Washington. CU*NorthWest offers a wide variety of services for credit unions including its flagship CU*BASE® processing system (online and in-house) and Internet development services featuring It’s Me 247 online and mobile banking. … Read more
