Credit Union Service Organization (CUSO) is a unit of Mission Federal Credit Union. The company announced acquisition of Autoland Inc, a national service provider for car acquisitions. The purchase was from the National Credit Union Administration (NCUA), a liquidating agency. NCUA is also the agent responsible for Telesis Community Credit Union which was also the previous owner of Autoland.
According to the President and Chief Executive Officer of Mission Federal Debra Schwartz, the move was a first in the company's history. She added that the move represented a tremendous step forward for both companies. The decision to acquire Autoland was based on what was best for the company, its members and employees. It was also based on what was best for the growth of the credit union, Schwartz stated.
Autoland was established in 1971 with a mission of giving its clients better service experience. The national car buying service provider gave outstanding services to members of the Mission Federal along with its other clients. The said clients were from numerous credit unions in 16 states across the US.
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