Tristate Collaboration, LLC formalized to create value for member credit unions
Minnesota, Montana, and Wisconsin league leadership elect board, e stablish mission
ST. PAUL, MN (January 22, 2024) — The Minnesota Credit Union Network, Montana’s Credit Unions, and the Wisconsin Credit Union League have formalized their partnership, Tristate Collaborative, LLC, which jointly forms strategic endorsement relationships with partners to help their credit unions best serve their members.
The mission of Tristate is to provide best-in-class products, services, education, and resources to the credit unions in Wisconsin, Montana, and Minnesota.
Gerry Singleton, President & CEO of Montana’s Credit Unions serves as Chair of the Board of Directors; Mara Humphrey, President & CEO of the Minnesota Credit Union Network is Vice Chair; and Beth Ellis, SVP of Finance & Strategic Partnerships is Treasurer. Kris Jacobsen, Vice President of Business Development for MnCUN has been elected as President and Chief Manager while Randi Sundsmo, Executive Assistant for MnCUN will serve as administrator.
“Tristate Collaborative is another example of strong collaboration in the credit union movement, leveraging our trusted relationships on behalf of our credit unions. Through scale, the Tristate Collaborative will show existing and future credit union partners that Midwest credit unions are a thriving marketplace,” said Gerry Singleton. “Through collaboration, we will grow partnerships, create efficiencies, decrease expenses, and increase value to our credit unions.”
“This is true cooperation among cooperatives,” said Kris Jacobsen. “Together we are 246 credit unions with over $110 Billion in assets representing 6 million consumer members. This scale shows we as credit unions are a viable market for best-in-class products and services. In turn, our Tristate credit unions have access to the best products at the best possible prices. This is truly a win for credit unions and win for our partner product and service providers.”
For more information, visit Tristate’s website.
About Minnesota Credit Union Network
The Minnesota Credit Union Network is the trade association for credit unions and works to ensure a thriving credit union system in Minnesota through powerful advocacy, expertise, resources, opportunity, and influence on behalf of our member credit unions and their more than 2 million members.
With over $40.7 billion in assets, Minnesota credit unions are local, trusted financial cooperatives that serve 2.2. million members at 405 branch locations, employing 5,868 people around the state. As not-for-profit institutions, credit unions give back to the communities they serve. For more information, visit mncun.org.
