NAPERVILLE, Ill.–Envisant, a subsidiary of the Illinois Credit Union League, said it has made an investment in the CUSO Pure IT.
The capital investment will allow for an expansion of Houston-based Pure IT’s innovative IT Strategy work and will assist credit unions to compete for and serve more members, according to the league.
In a statement announcing the investment, the league said both Envisant and Pure IT “share a common belief that innovative technology strategy is key to credit union success.” The synergies between the two organizations focus on providing credit unions with access to innovative technology, strategy, and business intelligence, the league added.
“I’m thrilled for this opportunity to help expand Pure IT’s innovative services to credit unions in Illinois and across the country through our league partnerships,” said Tom Kane, CEO of the Illinois Credit Union League (ICUL) and Envisant. “Pure IT is a quality partner who knows credit unions. I look forward to working with them to increase credit union access to their business-changing services.”
Added Jack Smith, CEO and co-founder of Pure IT, “We are honored to partner with Envisant and the ICUL. This is exciting because this endeavor will offer robust technology services to credit unions of all shapes and sizes, allowing them to stay innovative while also meeting NCUA compliance and regulatory requirements.”
‘More Than an Investor’
Libby Calderone, president of Envisant, said the company will be more than an investor in Pure IT, as it has also signed on as a delivery channel to help credit unions build efficient infrastructures and develop strategies that fulfill member expectations.
“Customized technology services take member relationship-building to a new level, strengthening brand loyalty,” Calderne said.