This week's special report takes a look at what's on the radar screen for CUSOs, including how additional due diligence is keeping some member business lending firms busy, investment services, outsourcing.
The Big Challenge: Sorting Through Apps
PORTLAND, Ore. — Extra due-dilegence on commercial loans and lines of credit, once thought to be the next shoe to drop by economists, is largely paying off in the form of fewer problems and delinquencies, according to a number of CUSOs.Investment Services
Why Now Is the Time for CUs to Expand Offerings to Members
LONG ISLAND CITY, N.Y. — As distrust for big banks and investment firms lingers, credit unions have an opportunity to garner even more walletshare by providing a robust financial advisory service, according to one CUSO chief.Longevity
How One CUSO Has Stood the Test of Time
OVERLAND PARK, Kansas — Since its founding in 1989, CNBS has seen many players rise and fall in its segment of the cooperative industry.Outsourcing
Letting CUs Focus on Their Core
NEWPORT BEACH, Calif. — More credit unions are turning to CUSOs for many of their non-core services, with analysts saying that could be very welcome news for the long-term health and efficiency of the movement.Branching Out
Diversification Strengthens Industry
HERDON, Va. — Though their main mission is to serve the credit union industry, some CUSOs are finding additional clients in other financial institutions, businesses and perhaps even the public sector.Mortgages
Slashing Origination Fees
LENEXA, Kansas — TruHome Solutions is slashing 20 basis points off its mortgage origination fees for all loans funded in September and October.
