Credit Union Service Organzations are established by credit unions, for credit unions. We provide avenues for innovation and creativity. We reduce service costs incurred within the traditional credit union. How? We operate with collaboration and the cooperative spirit that is inherent in the credit union industry.
Collaborating in CUSOs allows credit unions to capitalize and provide good member services. It gives credit unions the ability to provide better service, less expensive service and new services that credit unions may not be able to provide on their own. For example, not all credit unions have the capital to gain the expertise to originate business loans. But, if several credit unions pool their resources they can afford to hire the right individuals and in turn provide a valuable service to their members.
This infograph was designed by Tim Schafer and published by CU Times here.