Press introduces new network initiative Variable Ventures

GRAND RAPIDS, MI (August 1, 2018) — The network of CUSOs has announced the creation of Variable Ventures. Variable Ventures is an exciting proof of concept, taking the power of network design and collaborative dynamics to a new level of incubation for innovation development and investment.

Variable Ventures has engaged industry veteran, Vic Pantea, to participate in transitioning this consortium into a company, and to leverage his experience at the collaborative credit union incubator, Member Gateways.

At their organizational meeting the investors of Variable Ventures elected Bret Weekes, CEO of eDOC Innovations, as Chairman, Leo Vaulin, CEO of CU*South as Vice Chairman, and Liz Winninger, CEO of Xtend, as Secretary. Other board members include Randy Karnes, CEO of CU*Answers, Greg Smith, CEO CU*NorthWest and Peter Barnard, CEO of rkGoBig.

The objective of Variable Ventures is to inspire investment innovation through a community of collaborative owners beyond the existing network partners. “We believe that through our experience we can welcome other credit union visionaries, entrepreneurs and investors,” commented Weekes. “Our objective is to build a community of citizens who will empower the creation of new solutions to expand and better meet the needs of credit unions and their owner members.”

Current initiatives include investigating examination innovation, emerging blockchain technologies, new CUSOs, and more. Ideas are advanced to incubation based on three primary criteria: value to individual credit union owners (i.e. members); value to the network of credit unions; and value to the credit union industry as a whole. To learn more about Variable Ventures, visit their website, or contact Vic Pantea at 616-285-5711 ext. 121.

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 in 1970, CU*Answers is a 100% credit union-owned cooperative CUSO providing services to credit unions representing over 2 million members and $26 billion in credit union assets. For more information, visit


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