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Cooperatives combine resources as Growing Oaks FCU launches

CU*Answers, the 100% credit union-owned cooperative based in Grand Rapids, Michigan, announced that Growing Oaks Federal Credit Union, based in Goldsby, Oklahoma, began processing for members on December 8th by utilizing the CUSO’s CU*BASE core data processing tools. Growing Oaks FCU became the latest start-up credit union to launch with behind the scenes help from CU*Answers.

Scott Collins, Executive Vice President of National Sales and Marketplace Relationships at CU*Answers, noted: “The Growing Oaks launch is the culmination of a tremendous effort between our two organizations. The board and staff of the credit union have been preparing for this moment for three years, and our congratulations go out to everyone for their perseverance throughout that process. We look forward to working side-by-side with Pam (CEO Pam Greening) and her team as they bring a new banking alternative to their community.”

Collins added that Growing Oaks is the only charter issued by the NCUA in 2020. “As always, our cooperative remains committed to helping de novo efforts as they navigate the chartering process,” said Collins. “We are engaged with many start-up visionaries at the current time, and we remain hopeful that 2021 will be a busier year for new launches. Growing Oaks will be a great consultative partner as others navigate the start-up process.”

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