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Our CUSO structure

CU Direct Corporation DBA Origence, is a credit union service organization (CUSO). We are owned by credit unions and credit union-based entities, and we support the credit union philosophy of ‘people helping people.’ Through our Origence brand, we provide credit unions with a suite of tools, technology, and personal service to help them grow their lending portfolio while delivering a better origination experience for their members.
Our Vision

To create the ultimate origination experience

Jim Laffoon
President & CEO
Security Service Federal Credit Union

Tony Boutelle
President & CEO
2022 Annual Report
Chairperson and President's Report
We are proud to report that 2022 was the best year ever for Origence, marked by record-setting achievements and transformative initiatives. As a credit union service organization (CUSO), this success truly belongs to our credit union partners and their continued support.

In 2022, Origence remained true to our vision to create the ultimate origination experience, serving 1,100 credit unions representing 64 million members. Our dealer coverage now includes 19,700 dealerships on the CUDL® network.

This network effect helped fuel our Total Funded Loans, which reached an all-time high of $79.7 billion, with $67.1 billion attributed to Indirect Loans. Credit unions funded an astounding 2.7 million loans through our platforms, with 1.7 million of those funded digitally through Smart Fund, our e-contracting solution. Origence Lending Services, our subsidiary, which allows credit unions to outsource their loan processing, also turned in a record year with an 83% increase in Loans Funded over 2021. As a result of this positive performance, we were excited to announce a $50 per share dividend payment to shareholders.
press release

Origence Declares 2022 Dividend

Origence, the leading lending technology solutions provider for credit unions, announced that its Board of Directors has declared the issuance of a $50 per share dividend for calendar year 2022. This dividend represents a yield on investment of up to 6% for shareholders based on the average share price paid over time by shareholders.

Read the full press release