Press
Xtend welcomes two new owners
GRAND RAPIDS, MI (February 10, 2015) — Xtend, Inc., a Grand Rapids, Michigan-based multi-owned cooperative CUSO, announced that its Board of Directors has ratified two new credit union stockholders. With the new owners, the twelve-year-old CUSO now has eighty-five equal stockholders that are located in seventeen states and the District of Columbia. The newest credit union owners are $51.9 million DGE FCU in Washington DC and $2.9 million Internet Archive FCU in New Brunswick, New Jersey.
In commenting on the newest owners, Xtend President Scott Collins said, “We are pleased to announce that two more partners have joined our ownership ranks. Each has been a supporter of our CUSO for many years through not only patronage of our products and services, but participation in the collaborative activities that permeate our network. While in different geographies, each credit union is providing valuable financial services to diverse and economically challenged communities. I couldn’t be prouder of how DGE FCU CEO Carla Decker and IAFCU CEO Jordan Modell are making a difference in their marketplace, and I look forward to the ongoing collaboration between our collective teams for many years to come.”
Collins noted that both credit unions will be recognized formally at the CUSO’s Annual Stockholder Meeting in Grand Rapids, Michigan on June 16th.
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, compliance monitoring, and payment processing services. Xtend provides services for over 180 credit unions representing more than 1 million members and $10B in assets. The CUSO is currently owned by 85 credit union partners. For more information, visit www.xtendcu.com.