CU*NorthWest sets 2018 stock price

CU*NorthWest, a 100% credit union owned cooperative CUSO, has set the new price for an ownership share at $88,500.00. Each year the CU*NorthWest board of directors establishes the new stock price based on the audited financials from the prior fiscal year.

Chuck Papenfus, CEO of Inland Valley Federal Credit Union and chairman of the board stated: “We had a 6% increase in stock price from last year while maintaining returns to owners and reducing costs for all clients. In accordance with the firm’s business plans, there has been healthy and steady growth in the last 13 years.”

Although ownership is not required, CU*NorthWest maintains nearly 60% ownership penetration among its clients. “The fact that credit unions are seeking ownership in our CUSO is a good indication of cooperative health,” said CEO Greg Smith.

CU*NorthWest currently has owners in Washington, Oregon, Colorado, California, Montana, Alaska and Michigan.

About the Partner

CU*NorthWest
CU*NorthWest was founded in 2005 and is a 100% credit union-owned CUSO located in Liberty Lake, Washington. CU*NorthWest offers a wide variety of services for credit unions including its flagship CU*BASE processing system in both an online (ASP) and in-house environment, and Internet development services featuring the It’s Me 247 online banking product. Additional services include web site development, network design and security, bookkeeping 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.cu-northwest.com.

cuasterisk.com
Representing a network of credit union owned CUSOs that have developed a capability for serving members in a whole new way, cuasterisk.com leverages the power and effectiveness of a collaborative network of business partners committed to coming together to provide credit unions a variety of popular services at competitive CUSO prices. The footprint of this network reaches over 600 credit unions nationwide and is designed to provide credit unions the opportunity to roll out new services faster to market and at a lower cost.

Press Release Center


www.cuasterisk.com | Phone: 616.285.5711 | Toll Free: 800.327.3478 x167 | Fax: 616.285.5735
Please wait...