Partnership Financial Credit Union and Limestone FCU become newest owners of CUSO CU*Answers
GRAND RAPIDS, MI (December 17, 2020) —
CU*Answers, the 100% credit union-owned cooperative based in Grand Rapids, Michigan, announced that it had recently added two new credit unions to its ownership ranks. The CUSO confirmed that both Manistique, Michigan-based Limestone Federal Credit Union and Morton Grove, Illinois-based Partnership Financial Credit Union had purchased 200 shares. The credit unions became the 139th and 140th equal owners of their cooperative.
Scott Collins, Executive Vice President of National Sales and Marketplace Relationships at CU*Answers, said: “We were very excited to receive word from both CEOs that their boards had approved an investment in our cooperative. Based on my conversations with Jennifer Watson (CEO, Limestone FCU) and MaryAnn Pusateri (Partnership Financial CU) recently, I know that they share our excitement as well, and I have no doubt that each will be an active participant with their peer owners. We look forward to a long and successful future for our new partners.”
Collins noted that Partnership Financial CU had been utilizing the CUSO’s CU*BASE core data processing system for more than a year and that Limestone FCU was prepping for a spring 2021 conversion.
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 $21.5 billion in credit union assets. For more information, visit www.cuanswers.com.