CU*Answers, the Grand Rapids, Michigan-based cooperative CUSO, announced that it had recently added two new credit unions to its ownership ranks. These new owners include Greater Niles Community Federal Credit Union located in Niles, MI ($52M and 4,400 members), and Brewery Credit Union located in Milwaukee, WI ($36M and 7,700 members).

Scott Page, CU*Answers EVP said “A unique aspect to our Cooperative CUSO business model is that every CU*BASE^® client is provided an option to become a CU*Answers owner. Not only has CU*Answers stock ownership provided a solid historical return on investment, but each owner is provided an equal voting privilege, including the option for being nominated and voting for the CU*Answers Board of Directors.” CU*Answers stated that with these two newest investors it was now at 113 credit union owners nationally, with 10 new owners added during its 2013 fiscal year.