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.
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1 comment:

  1. SolartisJune 7, 2016 at 6:19 AM

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

    ReplyDelete

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