ARVADA, Colo.--Sundie Seefried, CEO of Partner Colorado Credit Union has been named a Director to the board of the Colorado Division of Financial Services by Colorado Governor Jared Polis.
The five-member Board is the policy and rulemaking authority for financial services in Colorado. As a Division of Financial Services board member, Seefried will help oversee the examination and supervision of state-chartered credit unions and state-chartered savings and loan associations. Seefried joined the credit union industry in 1983 and she has been a CEO for eighteen years.
“I was considering retirement in 2014 when a new challenge came my way,” said Seefried. “As a banker, I understand the critical role financial institutions play in public safety, and in accountability within our financial system. When cannabis companies, their vendors and employees were unable to bank rapidly growing revenue dollars, it created a public safety crisis. Additionally, the lack of banking meant that considerable amounts of cash were not subjected to the scrutiny and controls inherent in our state and federal banking systems.”
"Working with the staff and the board of directors of Partner Colorado Credit Union, Seefried and her team designed Safe Harbor Private Banking to launch a full scope cannabis banking program that has withstood the scrutiny of eight federal and state exams. Safe Harbor Private Banking has successfully removed hundreds of millions of dollars of cash from the streets of Colorado communities and into bank accounts," the CU said.