CU*Answers Adds New Credit Union Owners

CU*Answers announced that two (2) credit union’s had invested in its Class A Stock offering to become new CU*Answers Owners.

In its announcement, CU*Answers said that with Community Driven Credit Union (Ypsilanti, MI) and Public Services Credit Union (Ft. Wayne, IN) having invested, the cooperative CUSO now included 94 credit union Owners – with 11 added during the previous year.

CU*Answers stated that CUSO ownership is provided as an option to credit unions utilizing its CU*BASE processing system. CU*Answers noted that for 2010, a Return on Investment comprised of dividends and interest paid, exceeded $1.4 million back to its existing Owners.

Each Owner is also provided the opportunity of being nominated for and voting for the CUSO’s Board of Directors, which is comprised of (7) credit union CEO’s nationally, as well as additional voting privileges.