OVERLAND PARK, Kan.-Collaboration and CUSOs are credit union strengths, but one analyst is warning there are conditions that can tear collaboration apart.

Tony Ferris, partner in the Rochdale Group, noted the "state of the union" of credit union collaboration is affected by competition and the state of the economy. "Credit unions are realizing more than ever the need for competitive differentiators, and one of the key differentiators is member service, not back-office functions," he said.

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