Xtend, Inc., the Grand Rapids, Michigan-based CUSO, announced that two more credit unions had purchased an ownership block of shares, becoming the 69th and 70th owners of the multi-owned shared resources company. Company President Scott Collins indicated that the two credit unions were Wyoming, Michigan-based Kenowa Community Federal Credit Union and Grand Haven, Michigan-based Tri-Cities Credit Union.
Xtend Board Chairman Steve Searfoss (AAA Federal CU, South Bend, Indiana) said, “On behalf of the other eight CUSO Board Directors, it is my pleasure to welcome our two newest owners to the CUSO. It will also be my pleasure to acknowledge both Brian (Kenowa Community FCU CEO Brian Moran) and Sara (Tri-Cities CU CEO Sara Redeker) as new owners during our Annual Stockholder Meeting next month.” The Xtend 2013 Stockholder Meeting will take place on June 18th at the J.W. Marriott Hotel in Grand Rapids, Michigan.