CU*Answers adds another credit union owner

GRAND RAPIDS, MI (November 25, 2013) —CU*Answers, the Grand Rapids, Michigan-based Cooperative CUSO, announced that it had recently added another credit union owner. This newest owner is KALSEE Credit Union located in Kalamazoo, MI ($150M and 21,000  members).

Scott Page, CU*Answers EVP said, “With this newest investor, CU*Answers now has 121 credit union owners nationally, with a total of 14 new owners added during its 2013 fiscal year. This represents the largest single year of growth of new credit union owners since 2000, and the CUSO’s second largest in history. Additionally, three new credit union owners have already been added for its 2014 fiscal year, which started October 1, 2013.” Page continued, “A unique aspect to our Cooperative CUSO business model is that every CU*BASE^® client is provided an option to become a CU*Answers owner. Not only has CU*Answers stock ownership provided a solid historical return on investment, but each owner is provided an equal voting privilege, including the option of being nominated and voting for the CU*Answers Board of Directors.

About CU*Answers, Inc.

CU*Answers offers expertise in implementing technical solutions to operational needs, and is a leader in helping credit unions form strategic alliances and partnerships. CU*Answers provides a wide variety of services for credit unions including its flagship CU*BASE^® processing system (online and in-house) and Internet development services featuring It’s Me 247 online and mobile banking. Additional services include web development, network design and security, and image check processing. Founded 40+ years ago, CU*Answers is a 100% credit union-owned cooperative CUSO providing services to credit unions representing nearly 1.5 million members and $12.6 billion in credit union assets. For more information, visit www.cuanswers.com.

 

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