Credit unions looking to enter the cannabis banking market can now turn to a CUSO for help rolling out and managing a cannabis banking program – something that is known to be a labor-intensive, compliance-heavy task.
Partner Colorado Credit Union today announced the creation of Safe Harbor Services, LLC, which will sell and distribute the credit union’s Safe Harbor cannabis banking program. Matthew Cochran, a business and product development executive with more than 20 years of credit union and community bank experience, was appointed president of the CUSO, according to a news release.
Partner Colorado President/CEO Sundie Seefried, who spearheaded the Safe Harbor Private Banking program, will continue to run both the credit union and Safe Harbor Services’ internal Colorado division, according to the release.
Safe Harbor Services’ national launch is scheduled to take place at the MJ Biz Conference this Nov. 14-17 in Las Vegas.
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