121 Financial Credit Union

can grow organically, as opposed to focusing on mergers or acquisitions. “At the moment, our loan volume is down, as are other sources of income.” Blackstone shares. “So, it’s critical for all credit unions to focus on new ways to generate income so they can offer the same services to their members without increasing the costs or decreasing the value.” 121 has decided to launch two CUSOs, or, Credit Union Service Organizations. A CUSO is a corporate entity that is owned by a federally or state chartered credit union. They are formed for all sorts of reasons: they can provide avenues for innovation and creativity that would not typically occur within the confines of a credit union; they can provide a revenue stream for credit unions that would not be available within the confines of a credit union; they can reduce service costs incurred within the traditional credit union. Some may do all three. Generally, these outcomes are the result of collaboration and the cooperative spirit that is inherent in the credit union industry. 121 F INANC I AL CREDI T UNION 121 Financial Credit Union and Fiserv are proud of our history of financial services leadership – and we’re both passionate about the inner workings of credit and debit card processing technology. That’s why 121 Financial and Fiserv are partners: we’re delivering payments innovation and are actively researching and developing the next generation of seamless solutions. We’re both dedicated to moving money and information with power, precision and purpose. We’re both committed to helping cardholders move forward safely and securely. Working together, 121 Financial and Fiserv are differentiating and elevating the consumer payment experience. We are like-minded and reimagining the future of credit and debit card payments, to provide an environment that delivers convenience, flexibility, simplicity, security and control. In a world moving faster than ever before, we’re delivering solutions in step with the way people live and work today – payments@the speed of life. ...... Learn more by visiting fiserv.com/cardsolutionsforcreditunions or writing to us at cardsolutions@fiserv.com