Thursday, June 2, 2016

NCUA Discloses Info on CUSOs

The National Credit Union Administration (NCUA) published metrics regarding approximately 900 credit union service organizations (CUSOs).

"CUSOs at a Glance" fact sheet includes information on credit union investments and loans to CUSOs, the percentage of CUSOs wholly-owned, the number of credit unions CUSOs serve, and the types of services CUSOs provide.

According to the fact sheet,
  • CUSOs reported more than $1.3 billion in investments from credit unions.
  • CUSOs reported more than $447 million in loans from credit unions.
  • A majority, 74 percent, of CUSOs were wholly owned by a credit union, with only five CUSOs reporting more than 100 credit union owners. One CUSO reported having more than 1,000 credit union owners.
  • The majority, 95 percent, of CUSOs serve less than 100 credit union customers, with 67 percent of CUSOs serving only one credit union customer.
  • The top four CUSO services are lending, member services, other services, and payment and electronic transaction processing.

Fact Sheet.

1 comment:

  1. Nice post.Solartis will be attending this year’s IASA Annual Conference in San Antonio, TX.IASA 2016 Annual Conference



The content is provided for educational purposes only, with the understanding that neither the authors, contributors, nor the publishers of this site are engaged in rendering legal, accounting or other expert or professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.

Comments appearing in response to articles appearing on this site do not necessarily reflect the views of the ABA. ABA makes no representations regarding the truth or accuracy of commentary or opinions that may be posted in response to the articles that appear on this website.

The inclusion herein of any link to a website, either in the text of an article or in a comment, does not denote any approval, sponsorship, or endorsement by the ABA, and ABA is not responsible for the content or opinions expressed on those linked websites or related commentary. This content is not licensed to third parties sites and is not affiliated with any third party site. Any reference to the author or this content on any third party site on the Internet is not authorized by the ABA.

It is the policy of the American Bankers Association to comply fully with all antitrust laws. Certain discussions should be considered off-limits, including those that contain competitively sensitive data such as price and cost information, or statements that could be construed as reflecting an attempt or desire to control or influence a particular market or markets. Future pricing or other prospective competitive information should never be shared.