Press
CU*Answers Hits 100 Owners!
For more information contact:
Scott Page, EVP ext 103 spage@cuanswers.com
Melinda Haehnel, VP Marketing and Public Relations ext 138
mhaehnel@cuanswers.com
Grand Rapids, MI – November 4, 2011
CU*Answers, a 100% credit union-owned CUSO, announced that (8) additional credit unions had recently purchased stock to become CU*Answers Class A Stock Owners. CU*Answers said that with these most recent investors, it had now reached a record 101 credit union Owners.
Scott Page, CU*Answers EVP said, “the recent wave of credit union’s opting to invest in CU*Answers Ownership Stock is unprecedented. It speaks volumes for credit unions desiring to participate with their core processor in a unique, refreshing model. CU*Answers owners share in the CUSO’s on-going success in multiple ways, such as receiving a financial return on their data processing invoice, having a direct say in its future direction by being able to be nominated and or vote for the CU*Answers Board of Directors and much more.”
Page added that credit union’s utilizing its CU*BASE processing system are eligible to become CU*Answers Stock Owners, and that every Owner is provided an equal vote. He concluded by stating that it is optional for a CU*BASE client to become a CU*Answers owner, but that every CU*BASE client is actively encouraged to participate directly in working hand-in-hand with other CUSO peers in developing new software solutions.
About CU*Answers
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.