Cooperative CUSO Adds Five New Owners

Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, announced that it has added five new credit unions to its ownership ranks.  The five were Des Moines, Iowa-based Des Moines Police Officers Credit Union ($35M, 2,200 members), Fontana, California-based Inland Valley Federal Credit Unions ($36M, 3,700 members), Kettering, Ohio-based Day Air Credit Union ($241M, 27,000 members), Wauwatosa, Wisconsin-based FOCUS Credit Union ($37.5M, 6,900 members) and Grand Rapids, Michigan-based Grand Valley Co-Op Credit Union ($79M, 13,900 members).

CUSO Chairman Steve Searfoss (AAA FCU, South Bend, Indiana) said, “We are excited to welcome these new peers as Xtend owners.  We are especially pleased that we have ownership representation from two new states – Iowa and California.  We also believe that the demographics of this latest group of partners is a validation of our CUSO value proposition.  They represent a wide variety of asset and membership sizes, not to mention they are from five different states.  On behalf of the Board of Directors, I welcome each of these new partners to the network, and look forward to working them for many years to come.”

With the addition of these latest owners, Xtend is now equally by sixty-five (65) owners.