GRAND RAPIDS, MI (April 10, 2013) - CU*Answers, the 100% credit union-owned cooperative CUSO, announced that another credit union had recently purchased stock to become a CU*Answers part-owner.
They said this newest owner is the $6 million, 1,300-member Muskegon Consumers Power Employees Credit Union located in Muskegon, Michigan. CU*Answers added that with this newest investor, it was now at 109 credit union owners nationally, with ten new owners added since January 2012.
Scott Page, CU*Answers EVP said, “Any credit union that utilizes our CU*BASE® processing system is eligible to become a CU*Answers stock owner, and each owner enjoys equal voting privileges. There are a variety of financial and non-financial opportunities and benefits enjoyed by our owners, including having the option of being nominated and voting annually for the Board of Directors. Additionally, during the past two years alone, CU*Answers has returned over $3 million in combined dividend and interest returns back to its credit union owners.”
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 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.