GRAND RAPIDS, MI (May 12, 2013) Xtend, Inc., the Grand Rapids, Michigan-based CUSO, announced that two more credit unions had purchased an ownership block of shares, becoming the 69th and 70th owners of the multi-owned shared resources company. Company President Scott Collins indicated that the two credit unions were Wyoming, Michigan-based Kenowa Community Federal Credit Union and Grand Haven, Michigan-based Tri-Cities Credit Union.
Xtend Board Chairman Steve Searfoss (AAA Federal CU, South Bend, Indiana) said, “On behalf of the other eight CUSO Board Directors, it is my pleasure to welcome our two newest owners to the CUSO. It will also be my pleasure to acknowledge both Brian (Kenowa Community FCU CEO Brian Moran) and Sara (Tri-Cities CU CEO Sara Redeker) as new owners during our Annual Stockholder Meeting next month.” The Xtend 2013 Stockholder Meeting will take place on June 18th at the J.W. Marriott Hotel in Grand Rapids, Michigan.
About Xtend (www.xtendcu.com)
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 insurance services. Xtend provides services for over 150 credit unions and is now owned by 70 credit union partners.