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…)
Upcoming Events
2019 NACUSO Network Conference
Save the date for NACUSO’s 2019 NACUSO Network Conference! Details will be available soon on our conference website at https://www.nacusonetwork.com to book hotel and for more information.
2018 The Next Big Idea Competition
In the toughest competition to date, CU RateReset CEO Keith Kelly once again knocks it out of the park with his 7 minute presentation at the Next Big Idea Competition last week at the NACUSO Network Conference at the Disneyland Hotel.
Two years ago Keith won the competition with CU RateReset. This year he entered with Knocknock, a disruptive digital solution that provides bilateral interaction between the credit union and the member to deliver “just in time offers” based on real time triggers.
CUSOs in the News
CO-OP ANNOUNCES THINK 19 CRASHERS PROGRAM FOR YOUNG CREDIT UNION PROFESSIONALS
Free Registration, Lodging Available for May 6-9 Conference in Miami Beach;
Applications available at http://co-opthink.org/crashers19
For the second year running, CO-OP Financial Services and Filene are bringing The Cooperative Trust’s crasher program for young credit union professionals to the THINK conference, with free registration and lodging for THINK 19.
“The THINK Crashers program is particularly relevant to our THINK 19 conference theme of ‘Opportunity Never Rests,’” said Samantha Paxson, Chief Experience Officer, CO-OP Financial Services. “THINK Crashers is a dynamic experience designed for young professional education, leadership development, mentorship and networking. In addition to having full access to conference content, we will be providing specifically curated content for the high-potential, rising stars who will make up the THINK 19 crashers.”
CU*SOUTH CUSO pays 4.31% dividend to credit unions
The Board of Directors of CU*SOUTH has voted to approve a 4.31% dividend to the credit union owners of the CUSO.
“CU*SOUTH continues to increase both the amount and the rate of our Class A share dividend each year,” says CEO Leo Vaulin. “This is the highest dividend we’ve paid since we began offering shares to credit unions, steadily increasing the book value of our Class A shares by over 370% in the past 7 years.”
“Not all CUSOs are designed to operate this way,” Vaulin explains. “We take the 7 Cooperative Principles as core values – so we make ownership available by pricing our shares affordably, and promoting a one-share, one-vote model of governance to ensure that both large and small credit unions are democratically represented and rewarded for their participation.”
