TopLine Federal Credit Union partners with three others

MAPLE GROVE, Minnesota, June 09, 2022 (GLOBE NEWSWIRE) — Local member-owned co-op TopLine Federal Credit Union has partnered with Affinity Plus Federal Credit Union, Hiway Credit Union and Spire Credit Union to launch a new co-op service Credit Organization (CUSO) called United Financials Capital (UFC) for the purpose of collaborating on lending opportunities for public and private commercial and infrastructure projects throughout Minnesota and the Upper Midwest.

United Financials Capital (UFC) will directly facilitate collaboration and drive organizational efficiency through lending services, allowing credit unions to enter the business participation market immediately. UFC owners and subscribers will all benefit from their shared expertise and bring value to businesses and community developers, while enhancing the member experience. By leveraging existing resources in each identified target market, UFC will reduce costs, increase revenues and create new opportunities for credit unions.

New CUSO leaders also hope to create a safe innovation zone to explore new business ideas within the credit union model and plan to identify, evaluate and pursue new public-private partnerships within communities. serviced by their members – with the aim of providing additional lending opportunities.

United Financials Capital’s new leadership includes Michael Dalglish as CEO and Founder, and the Board of Directors includes Dave Boden, President/CEO of Hiway, as Chairman, Dave Larson, President/CEO of Affinity Plus Federal Credit Union, Tom Smith, President/CEO of TopLine Federal Credit Union and Dan Stoltz, President and CEO of Spire Credit Union.

“By joining forces, merging resources, and working together, United Financials Capital CUSO can expand the reach of credit union lending services and provide more opportunities for small and medium-sized businesses and community developers throughout Minnesota. said Tom Smith, President/CEO of Federal Credit Union TopLine. “This non-profit financial cooperative collaboration means we are all stronger when we work together and stays true to the philosophy of ‘People Helping People’ that we live by every day.”

United Financials Capital will serve Minnesota credit unions of all sizes, supporting the seven cooperative principles and adhering to their core values ​​of collaboration, inclusion, integrity, innovation, respect and service. For more information on visit https://unitedfinancialscapital.com.

TopLine Federal Credit Union, a Twin Cities-based credit union, is Minnesota’s 13e largest, with assets of over $678 million and serves over 46,500 members. Founded in 1935, the non-profit cooperative offers a full range of financial services, as well as home and auto insurance, from its five branches – in Bloomington, Brooklyn Park, Maple Grove, Plymouth and St. Paul’s Como Park. — as well as by phone, mobile app and online at www.TopLinecu.com. Membership is available to anyone who lives, works, worships, attends school, or volunteers in Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, or Washington counties and their immediate family members. Visit us on our Facebook page at https://www.facebook.com/TopLineFederalCreditUnion or Instagram at https://www.instagram.com/toplinefcu.

CONTACT:
Vicki Roscoe Erickson
Senior Vice President, Marketing and Communications
TopLine federal credit union
[email protected] | 763.391.0872

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e47f9914-d2fd-4248-9d9a-ff97eea943e3

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