credit union services organization (CUSO)

A Credit Union Service Organization (CUSO) is a specialized company that provides services to credit unions and their members. These services can include offerings like loan processing, technology solutions, and financial education. CUSOs are often created by credit unions themselves to enhance their capabilities and better serve their members. By pooling resources and expertise, CUSOs help credit unions operate more efficiently, reduce costs, and expand their range of services, ultimately benefiting members with improved financial products and support.