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CUSOs: How Credit Unions and Entrepreneurs Can Get Started (And Win!) with Credit Union Service Organizations
More people are turning to member-owned credit unions for their banking needs. But most credit unions can’t provide the wide range of services offered by large global institutions and lack the resources to keep up with evolving technologies. Credit unions must become more flexible to remain vital—and Credit Union Service Organizations can make that happen.
This essential handbook explains the rules, risks, and rewards of forming or joining a CUSO, a working partnership that combines the individual strengths of multiple credit unions and financial technology entrepreneurs. Brian Lauer explores every aspect of this game-changing collaboration, from creation through operation, and the tremendous opportunities it affords credit union management stakeholders and fintech innovators alike.
In a highly competitive banking market, credit unions need to expand their financial horizons. CUSOs offers a bold strategic vision for maximizing efficiency and encouraging innovation to provide credit union members with more options and a higher level of service.
This essential handbook explains the rules, risks, and rewards of forming or joining a CUSO, a working partnership that combines the individual strengths of multiple credit unions and financial technology entrepreneurs. Brian Lauer explores every aspect of this game-changing collaboration, from creation through operation, and the tremendous opportunities it affords credit union management stakeholders and fintech innovators alike.
In a highly competitive banking market, credit unions need to expand their financial horizons. CUSOs offers a bold strategic vision for maximizing efficiency and encouraging innovation to provide credit union members with more options and a higher level of service.
78 pages, Kindle Edition
Published September 26, 2018
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Displaying 1 of 1 review
July 20, 2024
The book is very repetitive. It felt padded.
I think the book is structured backwards. The book explains the benefits of CUSOs, but mentions in the last few chapters that CUSOs are just companies (typically LLCs) with some extra regulations (not licensing!). Knowing that would have helped me understand the first 70% of the book!
I liked the examples of CUSOs throughout the book. They made it feel like there was a CUSO ecosystem out there with lots of variety.
I think the book is structured backwards. The book explains the benefits of CUSOs, but mentions in the last few chapters that CUSOs are just companies (typically LLCs) with some extra regulations (not licensing!). Knowing that would have helped me understand the first 70% of the book!
I liked the examples of CUSOs throughout the book. They made it feel like there was a CUSO ecosystem out there with lots of variety.
Displaying 1 of 1 review