CUSO offers popular year end bookkeeping assistance

Grand Rapids, MI (February 4, 2014) —  In late November, the SRS Bookkeeping team from Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, announced that it would provide free assistance with year-end tasks to any credit union utilizing CU*BASE®, the core data processing suite deployed by sister CUSOs CU*Answers, CU*Northwest and CU*South.  Upon completion of the projects, Xtend announced that a total of 37 credit unions had taken them up on their offer.

Diane Kilgore, Manager of Xtend’s SRS Bookkeeping Business Unit said, “If memory serves me correctly, this is the 7th consecutive year that our team has offered to help our partners close out their books.  Back then, it was just myself and a couple team members providing the assistance.  Now I have a team of nine folks, and we provide varying levels of support for more than one hundred credit unions.  The year-end assistance is just one way to say ‘thank you’ to the credit unions in our network, and I am proud that so many tapped us on the shoulder.”

Xtend President Scott Collins added, “When we first offered year-end assistance, it was for two reasons:  it helped credit unions manage the process of closing out their books, and it gave Xtend exposure that we could be a trusted back office partner.  Today, our SRS team is a known entity by the credit unions in the network, so this is our way of giving back to our cooperative partners.”

About Xtend ( 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 180 credit unions representing more than 925,000 members and $9.2B in assets.  The CUSO is currently owned by 75 credit union partners.

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