The $9.8 million Newrizons Federal Credit Union in Hoquiam,Wash., has become the 16th owner of CU*NorthWest, thecore processing CUSO said.
|“Newrizons is thriving. We've had phenomenal membership growthand been able to provide really innovative products and services,”said Newrizons CEO Ynette Gibbs. “Buying a share of CU*NorthWest isan investment to continue our own future success.”
|CU*NorthWest now provides about 25 credit unions with the CU*BASE core processing system andother services through CU*Answers in Grand Rapids, Mich., as amember of the cuasterisk network, the Liberty Lake, Wash., CUSOsaid.
|CU*NorthWest was launched in 2005 and paid its first dividend tostockholders last June, and continues to offer a one-owner,one-vote ownership policy to mirror credit union governance models, the company said.
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