NEWPORT BEACH, Calif. – The National Association of Credit Union Services Organizations (NACUSO) has published a White Paper that seeks to answer the question, “Do CUSOs Really Make a Difference?”
The short answer to the CUSO question is “yes,” said Jack Antonini, CEO of NACUSO. “The difference for credit unions that collaborate through CUSOs can be significant.”
The white paper was authored by Jay Johnson, president of Callahan Financial Services and a NACUSO director, and Guy Messick, the “CUSO guru” and legal counsel for NACUSO.
According to the organization, Johnson and Messick have been searching for a way to measure the CUSO advantage through industry statistics, and set out to determine whether the use of CUSOs by credit unions correlates to better financial performance and stronger growth compared to credit unions that do not use CUSOs.
‘Excited to Share’
“We are excited to be able to share this research with the credit union world in a time of crisis.” said Antonini. “We firmly believe in the sixth cooperative principle: Cooperatives serve their members most effectively and strengthen the cooperative movement by working together, and this white paper helps quantify the value of cooperation and collaboration.”
To get a complimentary copy of the white paper click here.