Organizational History

     In June of 1988, Jim Balzer of Montana Federal Credit Union, Steve King of Community Federal Credit Union, (formerly Golden Triangle Federal Credit Union), Ken Meske of Great Falls Teachers Federal Credit Union joined together and started a feasibility study to see just what it would take to form a Credit Union Service Organization (CUSO) to handle their data processing needs.
     With the selection of ULTRADATA, now Harland Financial Solutions, as the CUSO's software provider, the feasibility study was completed in August of 1988. CUsource, was founded on August 26, 1988.
     In October of 1988, CUsource became operational with Montana Federal Credit Union and Helena Community Credit Union. They were followed by Family First Federal Credit Union (formerly Health Federal Credit Union) and Great Falls Teachers Federal Credit Union in February of 1989. Community Federal Credit Union converted in April of 1989. In April of 1989, Russell Country Federal Credit Union (formerly GFGE Federal Credit Union) became the fourth owner and converted in December 1989. Helena Community Credit Union became the fifth owner in September of 1990.
     Between the years of 1992 and 1997, ten more Montana credit unions joined CUsource. They included our sixth owner Montana First Credit Union (formerly Government Employees Credit Union), followed by Daniels Sheridan Federal Credit Union of Scobey and Medicine Lake, Bear Paw Credit Union of Havre, Ravalli County Federal Credit Union of Hamilton, Fergus County Federal Credit Union of Lewistown, Park Side Federal Credit Union of Whitefish, High Peaks Federal Credit Union of Dillon, McCone County Federal Credit Union of Circle, Heritage Federal Credit Union (formerly Safeway Montana Federal Credit Union) of Butte and Lincoln County Credit Union in Libby.
     In January of 1995 CUsource partnered with CUMONT, League Service Group and Rocky Mountain Credit Union (formerly State Capitol Employees Credit Union) to form UniPro Systems, LTD to process share drafts and returns. UniPro has continued to grow and expand their products and services.
     In April of 2000 CUsource merged with CUMONT and became their data processor. With the merger, CUsource's' ownership was extended from six to eleven owners, which included Altana Federal Credit Union of Laurel (formerly Laurel Federal Credit Union and Avanta Federal Credit Union), Billings Federal Credit Union, EDTECH Federal Credit Union of Butte, Sky Federal Credit Union of Livingston (formerly Livingston Federal Credit Union) and Summit Credit Union of Billings (formerly Yellowstone Teachers' Credit Union). Their conversions were completed September of 2000 through July of 2001. The merger brought about two value added services; Real Estate Processing and Real Estate Servicing to its credit unions.
     Mountain State Federal Credit Union of Billings converted in August of 2001. In June of 2002, Montana Armed Forces of Helena (formerly Montana Army National Guard) converted and Bitterroot Community Federal Credit Union in Darby converted in July 2003.     
CUsource currently provides data processing services to twenty-one credit unions, ten of which are investors and eleven are clients. These credit unions collectively provide financial services to approximately 150,000 members from fifty-one branches across the state. CUsource currently provides real estate services to twenty-seven credit unions across the state.
     Throughout the years, there have been numerous changes in the credit unions we serve and a tremendous change in technology, but our vision has never changed. CUsource is dedicated to providing quality products and quality service to its credit unions.