CU*Answers said eight more credit unions have bought stock inthe CUSO, pushing the number of owners, all credit unions, to101.

|

They are the $204 million Heartland CU of Springfield, Ill.; $76million NorthStar CU of Warrenville, Ill.; $50 Lake Huron CU ofSaginaw, Mich.; $50 million Birmingham-Bloomfield CU of Birmingham,Mich.; the $39 million EdCo Community CU and $35 million Des MoinesPolice Officers CU, both of Des Moines, Iowa; $47 million AdvantageCU of Newton, Iowa; and $27 million Public Service CU of FortWayne, Ind.

|

The Grand Rapids, Mich., CUSO offersownership to credit unions that use its CU*BASE core processingsystem.

|

Scott Page, CU*Answers executive vice president, said, “Itspeaks volumes for credit unions desiring to participate with theircore processor in a unique, refreshing model. CU*Answers ownersshare in the CUSO's ongoing success in multiple ways, such asreceiving a financial return on their data processing invoice,having a direct say in its future direction by being able to benominated and/or vote for the CU*Answers Board of Directors andmuch more.”

|

CU*Answers said it now provides core processing and additionalproducts and services to about 190 credit unions in 24 states.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.