CU Companies Tops 50 Owner Mark; 54 Credit Unions Statewide Now Hold a Stake in the Company and Offer Its Member-Centric Services.NEW BRIGHTON New Brighton, village (1990 pop. 22,207), Ramsey co., SE Minn., a suburb of Minneapolis–Saint Paul; inc. 1891. Its manufactures include metal products, machinery, and leather. A theological seminary is there. , Minn. -- CU Companies Inc., Minnesota's leading credit union service organization A Credit Union Service Organization (CUSO) allows a credit union the ability to conduct business that they would otherwise be restricted from due to regulatory constraints. (CUSO CUSO Credit Union Service Organization CUSO Canadian University Services Overseas CUSO Canadian University Services Organization CUSO Carson United Soccer Organization ), today announced that its ownership base had risen to 54 Minnesota credit unions, a veritable "who's who Who’s Who biographical dictionary of notable living people. [Am. Hist.: Hart, 922] See : Fame " of credit unions throughout the state. Ownership in the CUSO entitles those credit unions to "private label" the CUSO's services for their members, resulting in high quality, attractively priced service offerings, at a significantly lower investment for the credit union than if they were to initiate the services on their own. CU Companies' newest owners are: -------------------------------- Hormel Employees Credit Union, Austin St. Cloud City & County Credit Union, St. Cloud AE Goetze Employees Credit Union, Lake City North Memorial Federal Credit Union, Robbinsdale Minnesota Teamsters Credit Union, Minneapolis Toro Employees Federal Credit Union, Bloomington For a full listing of owners visit www.cucompanies.com. "We've seen tremendous demand for our services and experienced significant growth in the past few years," Donald Anderson, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CU Companies said. "During our 17 years, we have grown from one company to seven and from three owners to 54. Most of our growth has occurred in the past decade and we anticipate the pattern to continue as we add new services and offer innovative products for our owner credit unions." Craig Hart, president of GCM GCM General Circulation Model GCM Global Climate Model GCM General Court-Martial GCM Galois/Counter Mode (cryptography) GCM Geriatric Care Managers GCM Global Circulation Model GCM Good Conduct Medal Federal Credit Union in St. Paul and one of CU Companies' owners, related the advantages of the affiliation to his organization. "GCM has been an owner since 1999, and since that time, we've taken advantage of virtually every service offering to enable our members to save more of their hard-earned money." He explained, "CU Realty helps our members sell their homes at a remarkably low commission, with an available bonus at closing; CU Preferred Investment Services helps with all their financial and estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the and more; and CU Mortgage Services facilitates home ownership - again at very favorable rates and low closing costs Closing Costs The numerous expenses (over and above the price of the property) that buyers and sellers normally incur to complete a real estate transaction. Costs incurred include loan origination fee, discount points, appraisal fee, title search, title insurance, survey, taxes, ." CU Companies recently announced its new 40-year, fixed-rate mortgage, which is designed to promote home ownership. CU Companies said that the interest rate for this product is highly competitive, and only slightly higher than that of a 30-year, fixed-rate mortgage. About CU Companies CU Companies, established in 1997, is a Credit Union Service Organization (CUSO) based in New Brighton, Minn. Owned by 54 credit unions throughout Minnesota, CU Companies offers mortgage, realty, title, investment and insurance services to more than 600,000 credit union members. For more information on CU Companies, visit www.cucompanies.com. |
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