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Now and in the Future: NACUSO is Here to Stay

by Victor J. Pantea, Interim President and Board Member, NACUSO

This year marks the 20th Anniversary of the founding of NACUSO, an achievement we will celebrate during our Annual Conference at Caesar’s Palace in Las Vegas. While we proudly acknowledge our past, we are keeping an eye on events that will shape the opportunities for credit unions and CUSOs to grow their membership and discover a new level of success.

The CUSO business model most people are familiar with was a child of the deregulatory environment of the 1980s. Continue reading Now and in the Future: NACUSO is Here to Stay

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Stairway to Heaven: The future for Credit Unions is Now. A New Business Model Emerges.

by Bob Dorsa

The recent passage of the Incidental Powers act has launched a barrage of questions, concern and confusion for many credit unions that have grown comfortable with their CUSOs and the critical services they provide for members. As a result, some credit unions are rushing to transfer this division into the core business of the CU while others are standing firm behind the value of their CUSO. Is this new regulatory environment the beginning steps of a descent into a financial services netherworld…or is it a stairway to heaven? Let’s take a closer look at a new credit union model that may offer the promise of brighter days ahead. Continue reading Stairway to Heaven: The future for Credit Unions is Now. A New Business Model Emerges.

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Ten Keys to Transitioning Investment Services from the CUSO

by Guy Messick

Moving your investment securities back into the Credit Union

The Securities and Exchange Commission (“SEC”) does not permit commissions from securities sales to be shared with non-registered persons. This is so the SEC and the National Association of Securities Dealers (“NASD”) can oversee and discipline persons who violate the securities laws and cause harm to investors. Continue reading Ten Keys to Transitioning Investment Services from the CUSO

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Plugged In

by Thomas C. Davis & Valorie A. Seyfert

The goal is for members to identify credit union Financial Advisors as preferred “Trusted Advisors”.

The networked economy has ushered in new challenges and opportunities for credit unions. Competition is fierce and the need to create differentiated, sustainable advantage is more critical than ever. To surmount these challenges, some credit unions are trying to link the credit union’s reputation of trust to initiatives that carryover from the retail financial products and services side to the non-traditional side of the business. The goal is for members to identify credit union financial advisors as preferred “Trusted Advisors”-for all financial transactions, whether it be the sale of stocks, bonds and insurance products or auto loans, credit cards, CDs and mortgages. Continue reading Plugged In