CU*NorthWest, the Liberty Lake, Washington-based cooperative CUSO, announces that it has added a new credit union owner. The latest investor is County Schools Federal Credit Union, located in Ventura, California, with $53.7M assets and 7.4K members.

“Our cooperative business model allows for an equal opportunity for ownership and voice, irrespective of member or asset size”, says Greg Smith, CU*NorthWest CEO, “our ownership structure allows for all participants to become owners of their CUSO.”

In addition to a positive return on stock value, shareholders have the opportunity to vote and participate on the board of directors, and are eligible for various profit sharing and investment incentives as directed by a governing board of credit union CEOs.