CUSO Welcomes New Owner
GRAND RAPIDS, MI (June 18, 2013) The Board of Directors of Xtend, Inc., the Grand Rapids, Michigan-based CUSO, announced that it has approved its 71st equal owner – Hastings, Michigan-based Thornapple Valley Community Credit Union (www.tvccu.com; 4,477 members; $17.3M assets). Xtend Board Chairman Steve Searfoss (AAA Federal Credit Union, South Bend, Indiana) announced the newest owner at the company’s 10th Annual Stockholder Meeting at the J.W. Marriott Hotel in Grand Rapids, Michigan.
CUSO President Scott Collins also welcomed TVCCU to its growing ownership contingent. “On behalf of the Board of Directors and our other owners, I would like to formally welcome TVCCU to the CUSO. I look forward to working closely with Amy (TVCCU CEO Amy Byers) and her team to strengthen each of our cooperatives. My team also looks forward to working with TVCCU and its members for many years to come.”
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 170 credit unions and is now owned by 71 credit union partners.