GRAND RAPIDS, Mich. (1/3/12)--Xtend Inc., a Grand Rapids, Mich.-based multi-owned cooperative credit union service organization (CUSO), has added two credit unions to its ownership ranks--both representing the first owner from their respective states.
Inland Valley FCU, Fontana, Calif., with $36 million assets, and Des Moines (Iowa) Police Officers CU, with $35 million assets, became the 61st and 62nd owners of the CUSO, respectively.
Xtend is now owned by stockholders in 15 states.
The CUSO, which celebrated its ninth anniversary last month, officially began operating on Dec. 10, 2002. It was formed as a cooperative venture by 11 credit union unions and fellow Grand Rapids-based CUSO CU*Answers Inc. as equal owners.
Today, Xtend's products and services support about 150 credit unions and CUSOs.