CU*Answers Adds Two New Owners

CU*Answers, the 100% credit union-owned CUSO, announced that two more credit unions had recently purchased stock to become CU*Answers stock owners. These newest owners include the $182 million, 16,500-member Lake State Federal Credit Union in Moose Lake, MI, and the $41 million, 4,200-member Horizon Community Credit Union in Green Bay WI. CU*Answers added that with these newest investors, it had now reached a record 109 credit union owners nationally.

Scott Page, CU*Answers EVP said “A cornerstone to the on-going success of our Cooperative CUSO business model is to ensure that every credit utilizing the CU*BASE® processing system is provided an  affordable opportunity to become an owner, and can enjoy an equal voting privilege as every other credit union owner.”