LIVONIA, Mich. The Michigan CU League said today it is completing the combination of its two very successful CUSOs, CUcorp and CU Solutions Group.
CUcorp, the league’s wholly owned CUSO, been focused on serving credit unions in Michigan with card solutions, lending products, consulting and partner relationships.
CU Solutions Group was formed in 2010 by combining CU Village, HRN, CUTS and Koker Goodwin into one national CUSO.
With the CUcorp merger, CU Solutions Group said it now will offer performance solutions nationwide.
CU Solutions Group is owned by the Michigan league and 125 other investors made up of 20 other leagues, 100+ credit unions and Credit Union System Organizations including CUNA Mutual Group, CUNA Strategic Services and CO-OP Financial Services.
“This merger will be a seamless transition that will serve to strengthen our company and its nationwide footprint,” David Adams, president of the Michigan League. “It also will help us clarify our offering through one unified brand, as well as provide operational efficiencies and cost savings.”
“CU Solutions Group is well positioned to offer new and innovative ideas, services and products to meet the ever-changing needs of credit unions as the financial industry grows and expands in the future,” Adams said.
Adams will continue to serve as CEO of the Michigan League and CU Solutions Group. Drew Egan, who previously served as President and COO of CUcorp will continue on as Executive Vice President and COO of CU Solutions Group.
