CU*NorthWest, a 100% credit union owned cooperative CUSO, has set the new price for an ownership share at $83,500.00. Each year the CU*NorthWest Board of Directors establishes the new stock price based on the audited financials from the prior fiscal year.

Chuck Papenfus, CEO of Inland Valley Federal Credit Union and chairman of the board stated: “The initial offering price was $31,250.00 in 2005 and this year’s price is now more than double that. The firm is healthy and growth is accelerating in accordance with our business plans.”

Although ownership is not required, CU*NorthWest maintains nearly 70% ownership penetration among its clients. “The fact that credit unions are seeking ownership in our CUSO is a good indication of cooperative health,” said Greg Smith, CEO.

CU*NorthWest just added three new owners in California, Oregon and Colorado and now has owners in Washington, Oregon, Colorado, California, Montana, Alaska, and Michigan.