Press
Newrizons Federal Credit Unions Becomes Stockholder of CU*NorthWest
LIBERTY LAKE, WA (June 11, 2013) Newrizons Federal Credit Union, based in Hoquiam, WA has become the latest stockholder of CU*NorthWest. With over 1300 members, the $9.8M credit union is the 16th owner of the 100% credit union owned CUSO. Ynette Gibbs, CEO of Newrizons FCU attributes much of their success to CU*NorthWest. “Newrizons is thriving. We’ve had phenomenal membership growth and been able to provide really innovative products and services,” said Gibbs, “One reason is CU*NorthWest’s software (CU*BASE ®), customer service, and forward thinking that has supported us”.
CU*NorthWest’s cooperative business design allows for ownership opportunity to all CU*BASE users and instills a one-owner one-vote policy, mirroring the credit union governance model. Gibbs added, “Buying a share of CU*NorthWest is an investment to continue our own future success”. Along with the inherent advantages to ownership, a key motivating factor for owners is to actively participate in leading the direction of CU*NorthWest and CU*BASE ®.
The stock value of CU*NorthWest has continually appreciated since its’ inception in 2005 and in June 2012, CU*NorthWest paid its’ first dividend to stockholders.
About CU*NorthWest, Inc.
CU*NorthWest was founded in 2005 and is a 100% credit union-owned CUSO located in Liberty Lake, Washington. CU*NorthWest offers a wide variety of services for credit unions including its flagship CU*BASE processing system in both an online (ASP) and in-house environment, and Internet development services featuring the It’s Me 247 online banking product. Additional services include web site development, network design and security, bookkeeping services, and a complete eDocument solution. CU*NorthWest provides expertise in implementing technical solutions to operational needs, and helps credit unions form strategic alliances and partnerships. For more information, visit www.cu-northwest.com.