CUSOs

The credit union service organization has added 20 new owners this year and has reached its maximum number of shareholders.

Bret Weekses, CEO of eDoc Innovations, will take the helm at the Utah-based CUSO next month.

The three credit unions from Connecticut will receive a variety of services from the credit union service organization, including bill pay.

Russell Cole will take the helm at CUSO Home Lending, succeeding John Reed, who is retiring from the position.

Geoff Johnson will have a broader strategic role at the CUSO and will interact with the board more.

A dozen additional credit unions have signed on with the service to help review vendor contracts in order to improve efficiencies and cut costs.

The report from an advocacy group that focuses on college affordability says schools need to do a better job of educating students about their eligibility for federal loans, which typically carry lower interest rates than loans from private-sector lenders like credit unions.

Payments CUSO said it converted a ‘record number’ of credit, debit accounts in 4 months.

The partner credit unions will collaborate with the CUSO to create custom investment programs for their memberships.

A Maryland-based credit union is suing the nation's largest CUSO in a dispute related to call center services provided by PSCU.

CU Evolution aims to start "a movement within the movement" to help credit unions with less than $100 million in assets.

The three credit unions have assets of nearly $638 million and serve more than 53,000 members.

The credit union service organization focuses on predictive modeling, business intelligence and technology services.

Six of the 14 new clients have assets of more than $1 billion, including Meridian CU in Toronto, Member Loyalty Group's first Canadian client.

Member Business Lending is a Utah-based provider of commercial, small business lending origination for credit unions.

The alliance aims to improve marketing and technology offerings for credit unions and their members.

The alliance is intended to leverage the strength of two industry-leading indirect lending CUSOs.

Having exceeded its original funding goal, further credit union investment opportunities with the CUSO are now closed.

The three credit unions range from $83 million to $1.2 billion in assets and will utilize services such as credit processing, contact center support and more.

Technology provider will operate as a CUSO of Connecticut-based credit union.