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
Register now and book rooms for the 2020 NACUSO Network Conference to be held at the Disney Yacht & Beach Club in Lake Buena Vista, Florida. Rooms are available for $245 per night until March 27th! More details are available on our conference website at https://www.nacusonetwork.com.… 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
eDOC Completes Cooperative E-sign Project with Share One, Inc.
eDOC Innovations, a CUSO specializing in mobile enterprise digital transaction management, announced today the completion and roll-out of an e-signature integration alternative for Share One’s client credit unions.
Share One’s robust core system NewSolutions is an SQL and Windows-based platform serving a growing client base of credit unions nationwide. The system offers a continually expanding and next-generation NS3 product line that is web-based, further enhancing Share One’s mobile-based marketplace outreach.
“eDOC’s e-signature and image management capabilities paired with our NS3 products offer a competitive solution for our clients,” said Teri Van Frank, President/CEO of Share One, Inc. “Addressing the credit unions’ often challenging efforts to offer secure, on-the-go solutions at a great value is one of the driving forces of the integration.”
“Share One has a long history of providing leading technology and services to credit unions,” added Mark Fierro, CEO of eDOC Innovations. “Our CUSO-to-CUSO collaboration enables credit unions to move beyond interfaces to deeply integrated digital workflows. … Read more
Empire One FCU and Ingersoll Rand FCU become newest owners of CUSO CU*Answers
CU*Answers, the 100% credit union-owned cooperative CUSO, announced that West Seneca, New York-based Empire One Federal Credit Union and Athens, Pennsylvania-based Ingersoll Rand Federal Credit Union have brought the number of owners to 140. Ingersoll Rand FCU became the CUSO’s first credit union investor in 2020.
Chris Smigiel, National Sales Manager for CU*Answers commented: “We are very happy to welcome Empire One FCU to the cooperative as our newest owner. Kelly Seiser (Empire One CU CEO) and her team who joined the CUSO for data processing services in November 2019, and their decision to become an owner was exciting news for our Board and executive teams. We look forward to introducing Empire One FCU as a new customer-owner at our Annual Stockholder Meeting on June 17th.”
Smigiel added that Thomas Mitchell (IRFCU CEO) and his team will be joining the CUSO for data processing services later this year. “We’re looking forward to bringing Ingersoll Rand on board—their stock purchase affirms their commitment to the cooperative CUSO model.”… Read more
