1st Community FCU becomes newest owner of CUSO Xtend

Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, announced that it has added another credit union owner. $257M 1st Community Federal Credit Union (San Angelo, Texas) purchased an ownership block of 200 shares to become the CUSO’s 80th owner.

Xtend CEO Liz Winninger commented: “Xtend is pleased to welcome 1st Community FCU as the newest owner of the CUSO. 1st Community is a collaborative credit union and brings a new perspective to our organization.”

About Xtend, Inc.

Xtend, Inc. is a 100% credit union-owned CUSO formed in 2002 with headquarters in Grand Rapids, Michigan. Xtend provides a wide array of managerial, operational, marketing, technical planning and consulting services for credit unions of all sizes. In short, Xtend is an aggregation point for shared resources that allows credit unions to deliver products and services more cost-effectively. Their strategic offerings include bookkeeping services, member contact services, back-office mortgage services, partnered liquidity opportunities, shared branching, compliance monitoring, and payment processing services. Xtend provides services for over 200 credit unions representing more than 1.2 million members and $13B in assets. The CUSO is currently owned by 80 credit union industry partners. For more information, visit www.xtendcu.com.