The Strategic Value of One CUSO

Members' First Financial Services was incorporated as a CUSO in January, 1993, as a wholly-owned subsidiary of Memphis Area Teachers' Credit Union (MATCU). It has been successful, but we learned some of our lessons the hard way. Members' First provides financial services only; there is no operations division, although it is permitted by regulation and done successfully by other CUSOs. From our five-year experience with this financial services CUSO, we offer our thoughts on how CUSOs can be use




June 1, 1998



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