CU*Answers, the 100% credit union-owned cooperative CUSO, announced that Cheboygan, Michigan-based Straits Area Federal Credit Union has become its 137th owner. Straits Area FCU became the CUSO’s first credit union investor in 2019 and the 67th Michigan-based credit union to join its ownership ranks as an equal owner of the 49-year old cooperative.
Scott Collins, EVP of National Sales and Marketplace Development for CU*Answers commented: “We are very happy to welcome Straits Area FCU to the cooperative as our newest owner. Cindy Harrison (SAFCU CEO) and her team have been a customer of our CUSO for more than a decade, and their decision to become an owner was exciting news for our Board and executive teams. We look forward to introducing SAFCU as a new customer-owner at our Annual Stockholder Meeting on June 19th.”
About CU*Answers, Inc.
CU*Answers offers expertise in implementing technical solutions to operational needs, and is a leader in helping credit unions form strategic alliances and partnerships. CU*Answers provides a wide variety of services for credit unions including its flagship CU*BASE® processing system (online and in-house) and Internet development services featuring It’s Me 247 online and mobile banking. Additional services include web development, network design and security, and image check processing. Founded in 1970, CU*Answers is a 100% credit union-owned cooperative CUSO providing services to credit unions representing over 2 million members and $21.5 billion in credit union assets. For more information, visit www.cuanswers.com.