CU*Answers, the 100% credit union-owned cooperative based in Grand Rapids, Michigan, announced that it has recently added another credit union to its ownership ranks. Escanaba, Michigan-based Great Lakes First Federal Credit Union has purchased 200 shares. This addition means that over 140 credit unions are equal owners of their cooperative.
Scott Collins, Executive Vice President of National Sales and Marketplace Relationships at CU*Answers, said: “We were very excited to have CEO Wayne Johnson CEO and the Board of Great Lakes First FCU join the ranks of credit union owners of CU*Answers. We look forward to a long and successful future together.”
Collins noted that Great Lakes First FCU was prepping for an April 2022 conversion.