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CUSO Financial Year-to-Date 2007 Figures Ahead of 2006

CUSO Financial Services, LP, a broker dealer and registered investment adviser to credit unions, reported today that year-to-date total revenue is slightly above figures for the first six months of 2006.

By Michelle A. Samaad | Updated on August 20, 2007

SAN DIEGO — CUSO Financial Services, LP, a broker dealer and registered investment adviser to credit unions, reported today that year-to-date total revenue is slightly above figures for the first six months of 2006.

CFS’ annual revenue has increased from $47 million in 2003 to $79 million in 2006 while net profits jumped from $1.7 million in 2003 to $6 million in 2006, according to the CUSO. Partnership distributions have risen from a $750,000 share of 2003 profits to a $4 million allocation of 2006 net income. This increase in distributions represents a 52% annual growth rate, the company said.

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