The Board of Directors for the Grand Rapids, Michigan-based CUSO Xtend, Inc. announced that, effective March 1st, Liz Winninger will become the firm’s second CEO. Scott Collins, who has been the CUSO’s CEO since its formation, will remain in the CEO position until February 28th. Liz has been on the Xtend leadership team since 2013 and currently serves as its Marketing and Business Development Manager.

In commenting on the announcement, Winninger said: “I am humbled by the opportunity the board has given me to serve as the CEO of Xtend. It has been a pleasure to work under Scott’s guidance as he built a strong foundation for our CUSO during his tenure. I believe that Xtend is one of a kind, which makes this opportunity even more exciting. Working for a company and a network of CUSOs that actively invests in the future of the credit union movement is both an honor and a privilege.”

Xtend Board Chair Barb Mills commented: “The board is very excited that Liz has accepted our offer to become CEO. She has earned our trust and respect during her tenure with the company, so it was an easy choice for us. I look forward to working closely with her during the transition process and as we continue to grow our great CUSO in the future.”

Mills continued: “I would also like to congratulate Scott on his new opportunity with CU*Answers. He has been the driving force for Xtend from the very beginning, and I want to thank him on behalf of our customer-owners for his commitment and vision.”

With this promotion, Winninger also becomes the CUSO’s first board-appointed executive.