About UsNet
Company Overview
Network Logo
Customer Service Plan
Board
Management
Network
History
Press Room
Annual Report
News Releases
Contact Us

Credit Unions
CU  Members


UsNet was founded in 1993 under its former name of New York State Shared Service Centers (operating name) and CSC, Inc. II (legal name).

1993

CSC, Inc., II (operating as the New York State Shared Service Centers or NYSSSC) was formed as a Credit Union Service Organization. A total of 58 credit unions originally purchased 135 shares of stock. The purpose of the organization was to provide participating credit unions and their members an ability to process transactions at convenient "stand-alone" locations placed strategically throughout New York state.

Four stand-alone centers were constructed in Vestal, Amherst, Newburgh and Melville, New York.

1996

After three years of operating four stand-alone facilities, the Board of Directors reached the decision that the organization needed a new mission. Management was directed to evaluate selling the four stand-alones and converting them to licensed CU Service Centers owned by one or more credit unions.

1997

CU Service Centers began to appear in place of stand-alones. This pursuit of the CU Service Centers philosophy enabled the organization to promote shared services throughout New York. At the same time, the Vestal and Melville facilities remained open while the Amherst and Newburgh facilities were closed.

1999

The Vestal Shared Service Center was sold to Visions FCU, where the facility is operated today as an Outlet.

2001

As a result of the company’s decision to completely transform itself into a CU Service Centers environment, the Melville Shared Service Center was sold to Bethpage FCU. Today, Bethpage FCU operates the facility as a CU Service Center.

2002

Participating credit unions benefited from enhanced technology and decreased fees as a result of CUSC’s new Next Generation Network Switch.

2004

New York State Shared Service Centers’ legal and corporate name was changed to Universal Sharing Network (UsNet) as a way to separate itself from its product identity and allow for new growth opportunities.
2010 UsNet declared its first ever dividend to shareholders & its first ever rebate to participants.
2011 There are currently more than 150 UsNet sponsored CU Service Center Outlets operating in New York, New Jersey, Connecticut & Massachusetts.


Home

About UsNet | Credit Unions | Credit Union Members | Contact Us | Locations | Site Map

P.O. Box 15118 | Albany, NY 12212-5118 | T 518.437.8100 | 877.876.3823 | F 518.437.8500

Some files provided on this web site are in Portable Document Format (PDF) which can be viewed with Adobe Acrobat Reader.
If you do not have Acrobat Reader, you can download a free copy.

Copyright © 2008 Credit Union Association of New York