MADISON, Wis.– CUES is reporting it has now made a number of moves that have boosted its reserves and positioned it for future growth.
The trade association, which focuses on professional education and development, said it just closed its fiscal year in the black and it will be carrying that “momentum into the future.”
Over the past several years CUES has reported losses as it closed its fiscal year—$660,000 in 2015—but those numbers and the draw-down on its reserves were planned, the association said.
“The planned losses we have experienced in our recent past were due to significant investments made to improve the value we deliver to our membership,” CUES explained in a statement. “We are pleased to say that in fiscal year 2017, which ended on September 30, we achieved profitability and look forward to continuing that momentum into the future. Additionally, we have made several moves during the past year that have increased our reserves to a more than adequate level. CUES has been the leader in credit union talent development for over 50 years, and there is no reason to believe that we won’t be here for another 50 or more.”