Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
NACUSO conference kicks off with CUSO 101
LAS VEGAS (4/30/08)--The National Association of Credit Union Service Organizations (NACUSO) opened its 2008 Annual Conference Sunday in Las Vegas, marking its 23rd anniversary and offering a credit union service organization (CUSO) 101 tutorial to attendees. The 400-plus attendees also were provided a CUSO legal update and discussion of current regulatory topics presented by NACUSO General Counsel Guy Messick and Brian Lauer--both attorneys with Messick & Weber, P.C., Media, Pa. Messick and Lauer discussed the strategic uses of CUSOs, and when to use CUSOs and incidental powers. The CUSO formation process, normal organizational structure, and the relationship between the credit union-owners and the CUSO also were presented. Examples of CUSO services that are gaining popularity were highlighted. These included youth marketing, disaster recovery, business continuity and investment advisory services. “Regulators are recognizing that CUSOs are the future of credit unions,” Messick said. “In order to properly evaluate CUSOs, we have to create a new model in the credit union industry, in which credit unions not only provide services, but also monitor the services. “Credit unions can’t just hand over the keys of operational services to third parties, including CUSOs, without monitoring them,” he continued. “So NACUSO is helping credit unions and CUSOs develop a means for ensuring proper evaluations are in place and that we as an industry move forward in a new model.”
Other Resources

RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
1 day ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
1 day ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
33 minutes ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
34 minutes ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
2 hours ago