MADISON, Wis. (11/28/11)--World Council of Credit Unions' (WOCCU) board of directors has approved membership applications submitted by U.S-based CU Direct Corp., and Scotland-based CUSSCO Ltd. Both are credit union service organizations (CUSOs) owned by credit unions.
"Credit unions worldwide are achieving greater efficiencies, accessing high-level expertise and investing in technology through credit union-owned business associations," said Brian Branch, WOCCU president/CEO. "We are happy to welcome both CU Direct and CUSSCO, not only for the strength they bring their credit union partners, but also their anticipated contributions to World Council's international community."
CU Direct administers the largest auto-lending network for U.S. credit unions and offers a library of products and services to help credit unions advance their lending programs.
CU Direct is the parent company of CUDL, Lending Insights, Lending 360 and CUDL retail brands. It serves more than 950 credit unions and 7,000 dealerships in the U.S. It began as a division of the California and Nevada Credit Union Leagues in 1994 and became an independent entity in 2002.
CUSSCO Ltd. is jointly owned by Capital CU Ltd. in Edinburgh and Scotwest CU in Glasgow, the site of WOCCU's 2011 World Credit Union Conference. Both credit unions have been actively involved in WOCCU for many years.
The WOCCU board approved both membership applications at its meeting earlier this month in Lima, Peru. Representatives from CU Direct and CUSCCO will be recognized formally at the WOCCU 2012 annual general meeting, which will be held with the World Credit Union Conference, July 15-18 in Gdańsk, Poland.
For more information on the conference, use the link.