The Price of Xtend Goes Up

The Board of Directors of Xtend, Inc., a Grand Rapids, Michigan-based multi-owned cooperative CUSO, recently voted to increase the price of stock for the first time since 2008.  The new stock price of $19,500 for an ownership block of 200 shares was effective January 1st of this year.

“We have come a long way since our formation in 2003,” noted CUSO President Scott Collins.  “What started as a small group of credit unions with a vision to do something different for and with their peers has become a company with over three dozen professionals serving more than 120 credit unions every day.  Following our most successful year ever and the declaration of our first stock dividend, we felt an increase in the stock buy-in price was certainly appropriate.  Even with this modest increase of our stock price from its 2009 and 2010 level, we believe our CUSO is one of the best ownership opportunities in the credit union industry.”