CU*Answers, the 100% credit union-owned cooperative CUSO, announced that another credit union had recently purchased stock to become a CU*Answers part-owner.

They said this newest owner is the $48 million, 6,400-member Northern Hills Federal Credit Union located in Sturgis, South Dakota. CU*Answers added that with this newest investor, it was now at 108 credit union owners nationally, with nine new owners added since January 2012.

Scott Page, CU*Answers EVP said “A cornerstone to the on-going success of our Cooperative CUSO is the ability for nearly every credit utilizing the CU*BASE^® processing system to be provided an affordable ownership opportunity. For instance, the investment price to become an owner of CU*Answers was recently set at $180K for the 2013 fiscal. As an owner, each credit union is provided an equal voting privilege, including each CEO having the unique opportunity to be nominated and voted to CU*Answers Board of Directors.”