CU*Answers, the 100% credit union-owned cooperative based in Grand Rapids, Michigan, announced that it had recently added two new credit unions to its ownership ranks. The CUSO confirmed that both Manistique, Michigan-based Limestone Federal Credit Union and Morton Grove, Illinois-based Partnership Financial Credit Union had purchased 200 shares. The credit unions became the 139th and 140th equal owners of their cooperative.
Scott Collins, Executive Vice President of National Sales and Marketplace Relationships at CU*Answers, said: “We were very excited to receive word from both CEOs that their boards had approved an investment in our cooperative. Based on my conversations with Jennifer Watson (CEO, Limestone FCU) and MaryAnn Pusateri (Partnership Financial CU) recently, I know that they share our excitement as well, and I have no doubt that each will be an active participant with their peer owners. We look forward to a long and successful future for our new partners.”
Collins noted that Partnership Financial CU had been utilizing the CUSO’s CU*BASE core data processing system for more than a year and that Limestone FCU was prepping for a spring 2021 conversion.