CUSG commits to long-term support of Canada's credit unions, promising additional investments into the learning management software and other complementary solutions
LIVONIA, Mich., and NANAIMO, British Columbia (February 4, 2021) — CUSG and CU Training announce CUSG's acquisition of CU Training's learning management solutions suite and related assets in Canada. CUSG had previously acquired similar assets for the U.S. market in 2019.
CUSG plans to commit additional resources, in conjunction with various HR software partners, to expand and enhance the delivery of learning management software and content to both credit union and non-credit union organizations in Canada and the United States. CU Training will continue to operate as a Canadian subsidiary of CUSG with a dedicated staff presence in Canada, ensuring Canada’s credit unions will experience the same excellent service to which they are accustomed. CUSG will likewise maintain dedicated U.S. operations, based in Michigan.
"Our software solutions and teams have integrated seamlessly over the last couple of years," Lin Sheffield, CEO of CU Training said. "With our joint sales efforts, shared software development and quality client support, our two organizations have excelled in this new HR software category of integrated learning and performance management solutions."
CUSG, serves nearly 2,000 credit union and non-credit union organizations, and is experiencing rapid growth with its core products, including Performance Pro, Compease, The Learning Center, Planning Pro and MemberXP, as well as other technology, marketing and advisory services.
"Providing Canada's credit unions with the best HR software solutions is a top priority for CUSG," Dave Adams, president/CEO of CUSG said. "We will also invest in Canada by providing greater access to CUSG's marketing, technology and strategic advisory solutions. We feel this transaction positions us to better serve our U.S. clients by providing access to a best-in-class, customizable learning management system for remote learning."
CU Training and CUSG have worked closely together over the past year to more than double the number of customers subscribed to The Learning Center. With several strategic alliances in place, CUSG expects the number of customers to grow even more in the coming year.
The Learning Center is a feature-rich learning management system, backed by excellent content and a dedicated team with extensive experience. The new integrated functionality with Performance Pro allows credit unions to tie courses to specific competencies and skills that employees are developing in their current position, as well as positions they hope to be considered for in the future. This functionality maximizes the value organizations see from their learning and performance management systems.
The transaction closed on February 3, 2021.
Headquartered in Livonia, Mich., CUSG is an award-winning credit union service organization that offers products and services in the areas of technology, marketing, HR performance and strategic advisory. The organization is home to national credit union-focused brands including Love My Credit Union Rewards, Save to Win, MemberXP, Compease and Performance Pro. The company has more than 100 investors comprised of credit unions, credit union leagues and credit union system organizations and maintains strategic partnerships with Intuit TurboTax®, GSTV and CU Risk Intelligence. For more information, visit CUSG.com.
CU Training was originally established to help financial institutions stay on top of learning and development needs of credit unions. Today, CU Training has become an industry-leading learning management software and content provider. For more information, visit CUTraining.com.