The State of CUSO’s

The State of CUSO's

NACUSO 2005 Annual Conference

By Chip Filson May 10, 2005

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Topics

? The state of credit unions-the implications for CUSO's

? The idea of a CUSO-What is it? ? Selected data ? The future promise of CUSO's

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The State of Credit Unions: Key Issues

Assets Loans $ Loans # Shares Members Capital Charter Date

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Community CU OmniAmerican Total

$1.4b $1.1b 71,026 $1.23b 220,276 $111.3m 1952

$1.16b $2.56b

$755.3m

$1.9b

47,044 118,070

$741.1m $1.97b

247,473 467,749

$96.98m $208.3m

1956

n/a

The old worry: Bankers (outsiders) would infiltrate the movement as credit union founders retired and we would

loose our sense of mission. . .

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A Director's Question

I understand why credit unions were necessary to right inequities that existed many years ago. But if we did not have credit unions today, would it make sense to create them? Will these needs still exist in the future?

April 2005

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