Xtend welcomes ten new owners to the CUSO
GRAND RAPIDS, MI (February 19, 2021) —
Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, announced last week that the board has approved an impressive ten new owners of the CUSO. The new owners support a combined membership of over 73,000 and $815 million in total assets. These credit unions will join the existing group of eighty owners who each share equal parts of ownership in Xtend. Per Xtend bylaws, each credit union owner carries a block of 200 shares. The new owners include:
- Bragg Mutual FCU (Fayetteville, NC)
- Ocala Community Credit Union (Ocala, FL)
- DayMet Credit Union (Dayton, OH)
- Fire Police City County FCU (Fort Wayne, IN)
- Chiphone FCU (Elkhart, IN)
- SPE FCU (State College, PA)
- 1st Street Credit Union (Sarasota, FL)
- Bridge Credit Union (Columbus, OH)
- West Michigan Postal Service FCU (Muskegon, MI)
- Valley Oak Credit Union (Three Rivers, CA)
“As we are a national CUSO, it’s exciting to create these new relationships from all over the country,” said Jason Conrad, Xtend’s VP of Business Development. “The addition of these owners speaks to the importance shared resources have in the industry and our shared belief in the value of our organization.”
About Xtend, Inc.
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, and payment processing services. Xtend provides services for over 250 credit unions representing more than 1.2 million members and $13B in assets. The CUSO is currently owned by 103 credit union industry partners. For more information, visit www.xtendcu.com.
