LIBERTY LAKE, Wash. — Growth is almost always a good sign that financial and strategic goals are being met, but for CU*NorthWest progress has come so quickly that the CUSO may have to pull back the reins this year.
The data processing and financial solutions provider is a subsidiary of Kentwood, Mich.-based CU*Answers, a conglomerate of online, check and direct deposit processing to more than 125 credit unions. The subsidiary was also founded by Spokane Firefighters Credit Union, Spokane Media Federal Credit Union, Spokane Catholic Credit Union, and Inland Empire Trades Credit Union. In a little over two years operating, CU*NorthWest's growth has been "unbelievable," said Greg Smith, president/CEO.
"It has far surpassed our projections," Smith said. "There are credit unions in this area that are really responding to the message."
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