About Us
The story behind Northern Point.
We were built by credit unions to help turn Money Service Business accounts into a strategic opportunity and source of member value, backed by strong risk management and compliance expertise.
Our Story
Built to close a gap credit unions couldn't.
The simple fact is, MSB accounts are worth having, but hard to run. Here's how Northern Point came to handle the hard part.
The Gap
MSB deposits left on the table
Money Service Business accounts are high-risk and labor intensive; heavy on licensing, reporting, and reconciliation. The compliance burden is often enough to deter credit unions from serving MSBs, causing them to miss opportunities to support an underserved market while generating additional fee income.
The idea
Solve it together, not alone
The work behind MSB accounts is largely the same from one credit union to the next. Rather than each institution building and staffing its own compliance function, that expertise could be pooled into a single shared team — and offered back to credit unions as a service.
The model
A credit-union-owned CUSO
Northern Point is a credit-union-owned CUSO. We take on the full back office — licensing and compliance, accounting and reconciliation, and cash logistics — while partner credit unions share in program income through a tiered split that grows with their deposits.
Today
An extension of your compliance team
Backed by more than 20 years of MSB experience, our team streamlines onboarding, daily deposit reviews, and ongoing compliance management. Funds are typically cleared within 24 hours, with no need to hire new staff. You maintain oversight and control of your program while we handle the day-to-day operations and heavy lifting.
Ownership Model
Owned by credit unions. Accountable to credit unions.
CUSO (Credit Union Service Organization) — A company owned and created by credit unions to deliver specialized services they don’t have to build or manage on their own. Designed to help credit unions expand their capabilities with confidence, we operate as a true partner because, as a credit union-owned organization, we only succeed when your program succeeds.
- Owned, not outsourced
Our CUSO is wholly owned by credit unions, ensuring Northern Point Solutions remains fully aligned with the values, priorities, and mission of the credit union movement.
- Aligned incentives
Our tiered revenue-sharing model grows alongside your MSB account volume, aligning our success with yours and creating a partnership focused on helping your program succeed and scale.
- A partner, not a vendor
As a credit union-owned CUSO, your success is our success. We do the work; you stay in control.
How We Operate
Principles that guide the work.
Our Mission
Empowering credit unions to serve MSBs with confidence.
We handle the compliance, accounting, and cash management that make MSB accounts complex, so credit unions can support these businesses with confidence.
Let's talk about your MSB program.
We'll walk you through onboarding step by step — no new staff, no operational headaches.
Get In Touch With Us