Robbie Wright; Fi-linx

Robbie Wright, Manager of Fi-Linx, a CUSO created by MaPS CU in Oregon, gave a talk on CUSOs at Forum Solutions/Trabian’s Partnership Symposium yesterday.

Deposit Reclassification: Came out of a need that MaPS CU had to reduce reserve requirement with the Fed.

CUSOs are going multi-owned route to gain economies of scale.

Non-traditional CUSOs are being created to help differentiate credit unions.

Ongoing Operations CUSO created for Business Continuity/Disaster Recovery based on 9/11 disaster.

Future CUSO ideas:
• REIT (Real Estate Investment Trust). CU sells its real estate into the REIT, gains a profit, and members can invest in it.

• Geek Squad: A take-home nerd for members.

• Online Safe Deposit Box: Secure and keep private your digital data, with the trust of the credit union.

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