CU*Answers, the Grand Rapids, Michigan-based cooperative CUSO, announced that San Angelo, Texas-based 1st Community Federal Credit Union became its 136th equal owner on December 31st. By securing an ownership block of shares, 1st Community FCU became the eleventh credit union to become an owner during the 2018 calendar year and the second Texas-based credit union investor in the cooperative.
Scott Collins, EVP of national sales and marketplace development for CU*Answers commented: “We are thrilled to welcome Bill (1CFCU CEO Bill Nikolauk) as the newest owner of our cooperative. In just a few months on board as a user of our core CU*BASE® toolset, Bill and his team have not only been staunch supporters of our cooperative, they have also been active participants with their peers in our network. By coming on board on December 31st, they provided a great kickoff to New Year’s Eve and helped put an exclamation point on 2018 for our CUSO.”