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Deal Between Chicago-Based CU & Design Firm Creates New CUSO

Structure First CUSO will design and build next gen financial spaces.

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Chicago Patrolmen’s Federal Credit Union acquired a minority stake in the design and building firm Structure First, Ltd. on Thursday. The new partnership structure means Structure First will become the first and only Owner’s Representative CUSO in the country that serves financial institutions with building projects.

According to details of the announcement, Chicago Patrolmen’s ($508 million in assets, more than 38,000 members) minority stake in Structure First will allow the firm to serve as a CUSO effective immediately, with a primary focus on credit unions and banks located in the Midwest and Southern United States with assets of up to $5 billion .

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Michael Ogden

Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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