Lenco Credit Union becomes the newest owner of CUSO Xtend

Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, announced that it has added another credit union owner. Lenco Credit Union (7K members, $82.6M assets), based in Adrian, MI, purchased an ownership block of 200 shares to become the CUSO’s 82nd owner.

“Lenco has been a client for some time and we are very happy to now call them an owner too,” said Liz Winninger, Xtend’s CEO. Collectively, Xtend is owned by credit unions totaling more than 1 million members and over $10B in assets.