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CU*Answers Adds Two New Owners

GRAND RAPIDS, MI – November 26, 2012 – CU*Answers, the 100% credit union-owned CUSO, announced that two more credit unions had recently purchased stock to become CU*Answers stock owners. These newest owners include the $182 million, 16,500-member Lake State Federal Credit Union in Moose Lake, MI, and the $41 million, 4,200-member Horizon Community Credit Union in Green Bay WI. CU*Answers added that with these newest investors, it had now reached a record 109 credit union owners nationally.

Scott Page, CU*Answers EVP said “A cornerstone to the on-going success of our Cooperative CUSO business model is to ensure that every credit utilizing the CU*BASE® processing system is provided an  affordable opportunity to become an owner, and can enjoy an equal voting privilege as every other credit union owner.”

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 $10 billion in credit union assets. For more information, visit www.cuanswers.com.

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