CU Companies Celebrates 25 Years During Annual Meeting

NEW BRIGHTON, MN (February 26, 2013) – Credit Union Owned Service Organization, CU Companies, kicked off its annual meeting held recently by celebrating the completion of 25 years. Brad Crandall, CU Companies CEO, reflected on the 25 years and stated that CU Companies has consistently embraced the same “people helping people” philosophy that has been the foundation of credit union operations. Additionally, Steve Ahlness, CU Companies Board Chair, pointed to the newly revised mission statement of earning the loyalty of credit union owners and financial partners by delivering personalized service and competitive financial products as to the continued commitment of the organization.

The meeting included reports from each of the five business units, highlighting milestones, successes, realities, and opportunities. A few highlights from the past year include: surpassing the one billion dollar milestone in the servicing portfolio, increasing the number of 401(k) programs utilized, expanding territory to seven states, and celebrating the success of the first year of the online marketing library.

In attendance at the meeting were 29 credit union owners. Those owners re-elected three members of the Board of Directors for three-year terms: Steve Ahlness of Greater Minnesota Credit Union, Kathy Harrington of Heartland Credit Union, and Patrick Pierce of City & County Credit Union. The remaining Board members include Tom Smith of TopLine Federal Credit Union, Phillip Kopischke of SharePoint Federal Credit Union, Paul Dammann of Soo Line Credit Union, and Mark Everson of Wings Financial Credit Union. During a re-organizational meeting following the annual meeting, Ahlness was re-elected as Board Chair, Smith was re-elected as Vice Chair, and Kopischke was re-elected as Secretary.

About CU Companies
CU Companies is committed to earning the loyalty of its owner credit unions and financial partners by delivering personalized service and competitive financial products.

CU Companies was founded in 1987 by three Minnesota credit unions to offer a competitive mortgage solution for their members. They realized that by combining forces, they could offer a superior product to their membership than if they did it alone. These three credit unions created a Credit Union Service Organization (CUSO), CU Mortgage Services, Inc., in which they shared equal ownership.

Over the years, other credit unions recognized that their membership could also benefit from the CUSO and purchased stock in the organization. As the number of owners grew, they realized there were other areas of expertise that could be leveraged to provide an even greater product offering to their members. Over the next several years, four additional subsidiaries (Title, Realty, Preferred Investments, and Member Business) were created and CU Mortgage Services, Inc. became CU Companies.

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