Printing Industries Credit Union buys stock at CU*NorthWest
LIBERTY LAKE, WA (June 3, 2016) — CU*NorthWest, the Liberty Lake, Washington-based cooperative CUSO, announced that it has added a new credit union owner. The latest investor is Printing Industries Credit Union, located in Riverside, California with $24.1M assets and 5K members.
“Our cooperative business model allows for an equal opportunity for ownership and voice, irrespective of member or asset size,” said Greg Smith, CU*NorthWest CEO. “Our ownership structure allows for all participants to become owners of their CUSO.”
In addition to a positive return on stock value, shareholders have the opportunity to vote and participate on the board of directors, and are eligible for various profit sharing and investment incentives as directed by a governing board of credit union CEOs.
CU*NorthWest was founded in 2005 as a part of the cuasterisk.com network of credit unions and CUSO’s. It is a 100% credit union-owned cooperative CUSO located in Liberty Lake, Washington. CU*NorthWest offers a wide variety of services for credit unions including its flagship CU*BASE processing system (online and in-house) and Internet development services featuring the It’s Me 247 online and mobile banking. Additional services include web site development, network design and security, execution 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.cunorthwest.com.