LITTLE ROCK, Ark. -- The Arkansas Credit Union League has picked "Arcuso" as the name for its indirect CUSO having filed incorporation papers with the Arkansas Secretary of State.
"We're still on track to be ready for business by Sept. 1," said Becky Brosius, chair of the league and president/CEO of Alcoa Community Credit Union of Benton in discussing the limited liability CUSO.
She declined to reveal details of the capital offering except to note that $1 million is to be raised to launch the CUSO which will have its headquarters in a central Arkansas community.
While other state leagues have previously joined up in co-op deals with individual CUs, Arcuso represents a somewhat novel approach on indirect in which all Arkansas CUs are being asked to invest in the firm underscoring a statewide push to generate loan volume and members.
Credit union officials were particularly pleased about selection of the name that incorporates "Arkansas" and a play on "our." Listed as agent for Arcuso with the Secretary of State's office is Reta Kahley, president/CEO of the league.
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