ST. PAUL, Minn. – Three state credit union association said they have formed a new company.
The Minnesota Credit Union Network, Montana’s Credit Unions, and The Wisconsin Credit Union League said they are partnering to offer TriState Products & Services as they work together to “form strategic endorsement relationships with partners to help their credit unions best serve their members.”
“The collaboration seeks to develop relationships with service providers that can help credit unions in all three states meet the ever-evolving financial needs of their members,” said Minnesota Credit Union Network’s Chief Operations Officer John Ferstl. “We are proud to be using the cooperative model to take advantage of economies of scale and bring added value to our member credit unions.”
Under the TriState Products & Services umbrella, the league service corporations are partnering to offer partner education opportunities and joint marketing efforts, the organizations said.
“The Wisconsin League continually strives to provide our members with top quality products and services at a reasonable cost. This collaboration will allow us to do just that,” said Brett Thompson, president & CEO of The Wisconsin Credit Union League.
Added Tracie Kenyon, president/CEO of Montana’s Credit Unions, “The Tristate collaboration with WI/MT/MN has been a great benefit in Montana, and is now growing to our business partnerships. This means we will have a larger pool of quality business partners with better cost benefits for our credit unions, and additional revenue for our service corporation. A win!”