LIBERTY LAKE, Wash.–CU*NorthWest, a CUSO based here, reported that that Sears Spokane Employees Federal Credit Union has completed its conversion to CU*NorthWest, while separately announcing a new investor CU.
“I feel that in partnering with CU*NorthWest we have gained a true partner that is just as dedicated to the success of our credit union as we are,” said SSEFCU CEO Mark Smith. “I believe that the flexibility and scalability of the CU*BASE® software will allow the credit union to grow and evolve in an ever-changing, tech-driven market. Our members expect a very high level of personal member service, and this software allows us to provide that along with the tools to assist our members outside business hours.”
Smith added that working with CU*NorthWest is unlike working with normal vendors. “As a CUSO, they provide a level of personal service you generally don’t see with many vendors. To them you are just as much a part of their business as they are of yours.”
“We are always excited to welcome another credit union and we look forward to working on the Sears team,” said Greg Smith, CEO of CU*NorthWest.
Separately, Greeley, Colo.-based Northern Colorado Credit Union, has become the latest to invest in CU*Northwest. The CU has $50.8 million in assets and 3,500 members.
“Our cooperative business model allows for an equal opportunity for ownership and voice, irrespective of member or asset size,” said Smith. “Our ownership structure allows for all participants to become owners of their CUSO.”
In addition to a positive return on stock value, shareholders have the opportunity to vote and participate on the board of directors, and are eligible for various profit sharing and investment incentives as