A CUSO (Credit Union Service Organization) is an organizational entity owned by credit unions that provides at least four types of loans: residential mortgage, business, student, and credit card. Unfortunately, as the years progressed, it became quite archaic for CUSO not to have the lending powers assist credit unions in all types of loans. And in October 2021, changes were made that expanded its activities and services. Helping you keep up to date with the latest on CUSO, Mark Treichel invites a guest who has been assisting credit unions in finding ways to collaboratively work with other credit unions and third-party services. In this episode, Brian Lauer of Messick Lauer & Smith P.C. helps untangle the knots made by the movements of CUSO and dives deep into the new CUSO regulation, CUSO trends, and why every credit union should consider investing in a CUSO. He also talks about it in relation to FinTech and cryptocurrency. Interested to learn more? Tune into this conversation!
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A CUSO (Credit Union Service Organization) is an organizational entity owned by credit unions that provides at least four types of loans: residential mortgage, business, student, and credit card. Unfortunately, as the years progressed, it became quite archaic for CUSO not to have the lending powers assist credit unions in all types of loans. And in October 2021, changes were made that expanded its activities and services. Helping you keep up to date with the latest on CUSO, Mark Treichel invites a guest who has been assisting credit unions in finding ways to collaboratively work with other credit unions and third-party services. In this episode, Brian Lauer of Messick Lauer & Smith P.C. helps untangle the knots made by the movements of CUSO and dives deep into the new CUSO regulation, CUSO trends, and why every credit union should consider investing in a CUSO. He also talks about it in relation to FinTech and cryptocurrency. Interested to learn more? Tune into this conversation!
