Credit Union Service Organizations (CUSOs) at a Glance - NCUA

CUSOs at a Glance

National Credit Union Administration

1775 Duke St., Alexandria, VA 22314-3418

Phone | (703) 518-6300 Website |

CUSO Registry |

Prepared by the Office of Examination and Insurance

Based on December 31, 2015 CUSO Registry data

CUSO Statistics

CUSO Customers

All registered CUSOs:

Number of corporate CUSOs:

Number of wholly owned CUSOs:

882

31

648

The majority (95 percent) of CUSOs serve less than 100 credit

union customers, with 67 percent of CUSOs serving only one

credit union customer.

CUSO reported investments from credit unions: $2.1 billion

Number of Credit Union Customers

The majority (74 percent) of CUSOs are wholly owned with only five

CUSOs reporting more than 100 credit union owners. One CUSO

reports having more than 1,000 credit union owners.

249

2¨C99

32

100¨C499

CUSO Credit Union Owners

1%

74%

18%

7%

5

500¨C999

Greater

than

1,000

5

0

50

100

150

200

250

300

2 to 10 owners

More than 100 owners

1 owner

11 to 100 owners

CUSO Services

CUSOs by State

Many CUSOs offer multiple services to credit unions and their

members. The top four CUSO services are lending, member services,

other services, and payment and electronic transaction processing.

The graph below depicts the nine states with 30 or more

CUSOs. The CUSO¡¯s reported state is based on the location of

the CUSO¡¯s headquarters.

States with 30 or More CUSOs

CUSO Services

Investments

IT

Operations

Payment &

Electronic

Transaction

Processing

151

90

139

Lending

702

166

258

331

Texas

California

Virginia

Michigan

New York

Florida

Pennsylvania

Indiana

Massachusetts

70

68

50

43

41

36

35

34

30

0

10

20

30

40

50

60

70

80

Other Services

Member Services

NCUA is the independent federal agency created by the U.S. Congress to

regulate, charter and supervise federal credit unions. With the backing of the

full faith and credit of the United States, NCUA operates and manages the

National Credit Union Share Insurance Fund, insuring the deposits of more than

102 million account holders in all federal credit unions and the overwhelming

majority of state-chartered credit unions.

National Credit Union Administration

theNCUA

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¡°Protecting credit unions and the consumers who own them through effective regulation.¡±

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