Consulting and shared services CUSO Xtend Inc. said it expects about 300 industry professionals to attend all or some of the networking events surrounding its annual stockholders meeting on June 8 at its headquarters in Grand Rapids, Mich.
Xtend provides bookkeeping, member contact, back-office mortgage, partnered liquidity, shared branching, call center, compliance monitoring and insurance services to more than 120 credit unions and is fully owned by 46 credit unions.
The meeting is part of a series of networking events held that week for the various companies that comprise the cuasterisk.com network created by core processor CU*Answers.
Collins also said that the first half of Xtend's 2010 fiscal year ending March 31 was the most successful six-month period in its seven-year history, with total sales up 39% from the year-ago period.
"As we entered the 2010 campaign, we were uncertain what effect corporate stabilization and an increased level of regulatory activity for our credit union partners would have on demand for our shared resources business units. Through the first half of the year, the answer to that question is that we have experienced a net gain across the board," he said.