Two more credit unions have become co-owners of CU*Answers, theGrand Rapids, Mich., CUSO that supplies the CU*Answers coreprocessing system to 185 credit unions.
|They are the $64 million Oak Trust Credit Union of Naperville,Ill., and the $60 million Lenco Credit Union of Adrian, Mich., CU*Answers said.
|The investment by those two credit unions beings to 104 thenumber of credit union owners, the most in the CUSO's more than40-year history. Any credit union that uses the CU*BASEprocessing system can become a stock owner in the CUSO, itsexecutive vice president said.
|“There are a variety of financial and non-financialopportunities and benefits enjoyed by our owners, including havingthe option of being nominated and voting annually for its Board ofDirectors,” Scott Page said.
|“Additionally, during the past two years alone, CU*Answershas returned over $3 million in combined dividend and interestreturns back to its credit union owners,” he said.
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