GRAND RAPIDS, Mich.--Xtend, Inc., a multi-owned cooperative CUSO, said that results from its second fiscal quarter reflected a continuation of the solid numbers posted during the company’s first quarter.
“I am very pleased with the way our team has performed during the first half of our 2015 campaign,” said Xtend President Scott Collins. “We came out of the gate fast during Q1, and then followed it up with an even stronger Q2. We are 5% ahead on our overall sales projections, we are on plan from an expense standpoint and we exceeded our revenue goals in all of our major brands. I am very satisfied with our position as we push toward the September 30th finish line.”
According to Collins, the CUSO experienced quarterly year-on-year growth in its Member Reach e-communication brand (+73%), its compliance monitoring practice (+46%), its Xtension call center (+26%) and its loan servicing unit (+4%).
Xtend provides services to more than 180 credit unions representing more than one-million members.
Separately, Xtend announced that Texas-based FI-Mobile, LLC has become the first participant in its Premier Partner program. Collins said the CUSO started the new program “to re-enforce our commitment to the business plans of our strategic partners through joint marketing and business development activities.”
“Over the past six months, our two teams have been brainstorming about how we can bring our collective value propositions to a wider audience of financial institutions,” Collins continued. “From an Xtend perspective, having FI-Mobile step forward to become our first Premier Partner was a validation that we had become a trusted execution partner. I look forward to their participation in our annual Stockholder events in June, and also introducing several joint initiatives to our owners at that time.”
For info: www.xtend.com.