Click here for more information and to register for round one on October 13th.… Read more
News & Highlights
A Dozen Lessons Learned in Credit Union Collaborations By Guy Messick
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
2021 NACUSO Network Conference
Save the Date! We are excited to announce that our 2021 NACUSO Network Conference is scheduled to be at the Encore Resort in Las Vegas. We are already starting to plan for next year’s event and we look forward to seeing everyone in person. The beautiful Encore Resort is open and they have taken extra precautionary measures to make sure it’s safe for guests to enjoy their stay. Please save the dates of March 29-April 1 and check our conference site soon for more details at www.NACUSONetwork.com.
If you were registered to attend, or sponsor at our 2020 conference in Orlando, we can automatically apply your registration or sponsorship fees to our 2021 Conference in Las Vegas. We will contact you soon to give instructions on the next steps and will work with you on the new options that work best for you. If you have any questions, please contact Shawna Luna at Shawna@nacuso.org.
NACUSO Network Conference Update
Unfortunately due to the events surrounding the coronavirus, the 2020 NACUSO Network Conference, originally scheduled in April has been canceled. As we all navigate the ever-changing reality of our day to day work and personal lives, our first thought is for the safety and well-being of our members, partners, staff and conference participants. We will be sending information soon with information to all conference participants with updated information and options regarding the next steps. More details as they become available will be 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
PSCU – Year-over-Year Transaction Trends Update (38th Week)
PSCU, the nation’s premier payments credit union service organization, has updated its weekly transaction analysis from its Owner credit union members on a same-store basis to identify the impact of COVID-19 on consumer spending and shopping trends. An infographic is also attached.
To provide relevant updates on market performance, experts from PSCU’s Advisors Plus and Data & Analytics teams today released year-over-year weekly performance data trends. In this week’s installment, PSCU compares the 38th week of the year (the week ending September 20, 2020 compared to the week ending September 22, 2019).
- Overall card payment volume growth rates were steady in Week 38.
- Debit card spend was up 16.8%, in line with the four-week average of +16.5%. Transactions were up 1.8% and have been positive for 12 consecutive weeks.
- Credit card spend achieved its third consecutive week of positive growth at +3.2%, which is slightly higher than the four-week average of +2.9%.
eDOC surpasses 500 credit unions on eDOCSignature platform
The convenience of eSign for both credit unions and their members helps explain why such solutions are becoming more prevalent. For credit unions, the cost savings that result from using fewer supplies and improved workflow efficiencies are evident. For members, the ability to sign documents from anywhere is crucial and only becoming more valuable in a post-pandemic society. Cooperative CUSO eDOC’s solution, eDOCSignature®, has now enabled over 500 credit unions and their members to realize the benefits of eSign.
“The growth of eDOCSignature has been very strong, especially since the onset of COVID-19,” commented eDOC CEO Mark Fierro. “Over 150 credit unions have been added to the platform in just the past six months, demonstrating not only our commitment to the credit union industry but also our team’s ability to rapidly adjust to the changing priorities of our owners and customers. Credit unions—regardless of size and membership base—have embraced the ease of use, safety, and member convenience that eDOCSignature provides.… Read more
