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.