CUSO Adds Two New Stockholders

Grand Rapids, Michigan – September 24th, 2012 – Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, announced that two more credit unions had purchased stock in the company.  The two new owners are Escanaba, Michigan-based Peninsula Federal Credit Union (10,400 members; $113M assets) and Middletown, Ohio-based MidUSA Credit Union (17,500 members; $192M assets).

With these latest stock purchases, the CUSO now has sixty-eight (68) owners.    

About Xtend (www.xtendcu.com):
Xtend, Inc. is a 100% credit union-owned CUSO formed in 2002 with headquarters in Grand Rapids, Michigan.  Xtend provides a wide array of managerial, operational, marketing, technical planning and consulting services for credit unions of all sizes.  In short, Xtend is an aggregation point for shared resources that allows credit unions to deliver products and services more cost-effectively.  Their strategic offerings include bookkeeping services, member contact services, back-office mortgage services, partnered liquidity opportunities, shared branching, compliance monitoring, and insurance services.  Xtend provides services for over 150 credit unions and is currently owned by 68 credit union partners.

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