Green Check Verified
27.7.2021 15:02:34 CEST | ACCESS Newswire | Press release
Forbes 2020 Best Michigan Credit Union expands services to legal cannabis businesses in the state
FRANKENMUTH, MI / ACCESSWIRE / July 27, 2021 / Frankenmuth Credit Union, a not-for-profit cooperative with $1 billion in assets and nearly 60,000 members in 22 communities, today announced the launch of Envy, its cannabis banking program, which will provide critical financial services to legal cannabis businesses in the communities it serves.
For Frankenmuth Credit Union, it is important to provide safe and secure access to financial services for legal cannabis-related businesses while reducing the risk of money laundering, fraud and crimes associated with unsecured cash. Envy was created to enter this new line of business with the ability to scale to serve a large number and variety of cannabis-related businesses starting with the grower all the way to the retailer.
"It was important for Frankenmuth Credit Union to provide banking services to cannabis-related businesses, but it was also important that we did so in the right way. This meant conducting extensive research into what the industry needed and developing a compliant program around those needs. Partnering with Green Check Verified contributed to those insights and helped us develop a compliant program. We believe we have the best team internally at Frankenmuth Credit Union and have partnered with the best external solution in Green Check Verified. The launch of Envy is very exciting for Frankenmuth Credit Union and our communities," said CEO Vickie Schmitzer.
Frankenmuth Credit Union has partnered with Green Check Verified. Green Check Verified is a fintech company focused on enabling financial institutions to safely and efficiently offer services to legal cannabis businesses. Green Check has a proven track record of building and scaling cannabis banking programs across 32 states, exceeding examiner expectations, and providing customers with insights into the health and compliance of the businesses they serve. Green Check's purpose-built software is designed specifically to help financial institutions safely and efficiently scale their programs to meet the needs of legal cannabis businesses, meaning Frankenmuth Credit Union can be the partner these businesses need today and for the future.
"Our partnership with Green Check Verified has been extremely valuable in the development of Envy. From the initial contact all the way through program development, they provided more than just software solutions, including education, templates, industry insights, and much more. Most importantly, we believe that we found a partner that shares our values and provides a solution to serve our members efficiently and compliantly. We're looking forward to the continued partnership," said Josh Herman, cannabis banking enterprise risk manager with Frankenmuth Credit Union.
"Green Check's mission is to help forward-thinking financial institutions such as Frankenmuth Credit Union accomplish their strategic goals and offer the best products and services possible for this line of business," says Stacy Like, director of banking compliance at Green Check. "We ensure the partners we work with have future-proofed technology and best-in-class program development, but they are the ones who truly shine as they implement their strategies and serve the needs of their communities."
With the launch of the program, Envy is now entering a pilot program which will consist of adding just one or two new cannabis-related business members each month for the remainder of 2021. During this time, a wait list will be maintained and all businesses on the list will be contacted.
About Frankenmuth Credit Union
Frankenmuth Credit Union was founded in 1964. With over $1 billion in assets, the credit union serves nearly 60,000 members throughout Michigan. The credit union's mission is to grow trusted relationships by providing personalized financial solutions for our members and financial services that empower our communities through innovative financial products. For more information, email: envy@frankenmuthcu.org.
About Green Check Verified
Green Check Verified (GCV) offers a suite of compliant regulatory banking technology solutions and advisory services for financial institutions. Founded in 2017 by a team of technology, banking, and regulatory experts, we focus on the intersection between community banking and the emerging legal cannabis industry. Our goal is to provide the services and technology needed to connect these two industries in compliant and profitable ways. For more information about Green Check Verified, visit www.greencheckverified.com.
Contact Information:
Robert Phelps
Green Check Verified
rphelps@greencheckverified.com
931-260-0791
SOURCE: Green Check Verified
View source version on accesswire.com:
https://www.accesswire.com/657077/Frankenmuth-CU-Partners-with-Green-Check-Verified-to-Provide-Financial-Services-to-Underbanked-Michigan-Cannabis-Industry
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
About ACCESS Newswire
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
Chervon Promotes Kevin Gee to Vice President of Pro Product Development - FLEX28.9.2026 14:25:00 CEST | Press release
NAPERVILLE, IL / ACCESS Newswire / September 28, 2026 / Chervon promotes Kevin Gee to Vice President of Pro Product Development - FLEX, effective Monday, September 28, 2026, reporting to CEO Joe Galli. Kevin Gee joined Chervon after a 15-year international career in the Milwaukee Pro Power Tool business. He started his career at TTI in 2011 as a Field Sales Store Representative in Toronto, Ontario. He moved through several Milwaukee marketing positions in Canada and was then promoted to a marketing position with Milwaukee based in Hong Kong in 2013. He then rose to the position of Group Marketing Manager in Milwaukee Asia in 2016. In 2017, Kevin was moved to Milwaukee U.S.A. and advanced through a series of Milwaukee product management positions from 2017 to 2023. His final position was Director of Product Management for Milwaukee Pro Tools from 2021 to 2023. Most recently, Kevin held the position of Chief Revenue and Marketing Officer for Guardian Safety Equipment before joining Cherv
Chervon Names Trevor Bithrey Vice President Pro End User Marketing and Research - Canada28.9.2026 14:25:00 CEST | Press release
NAPERVILLE, IL / ACCESS Newswire / September 28, 2026 / Trevor Bithrey joins Chervon as Vice President, Pro End User Marketing and Research - Canada, effective Monday, September 28, reporting to CEO Joe Galli. Bithrey joins Chervon with over 25 years of professional power tools experience. He has excelled in his increasingly responsible positions in building both the DeWalt Canada business and the Milwaukee Canada business. He brings an impressive and diverse skillset in account management, end user marketing, aftersales service and end user research. He also has experience building and leading exceptional teams in Canada. Bithrey will also be part of the newly formed Chervon Global End User Research and Jobsite Marketing team, reporting directly to CEO Joe Galli. Bithrey's career started at DeWalt Canada where he held a series of sales and product management positions from 2000 to 2007. He then moved to Milwaukee Canada from 2007 until 2023 where he advanced through key leadership rol
Fermi Selects NAES to Operate and Maintain Its Natural Gas Turbine Fleet28.9.2026 13:00:00 CEST | Press release
DALLAS, TX / ACCESS Newswire / September 28, 2026 / Fermi Inc. (NASDAQ:FRMI)(LSE:FRMI), operating as Fermi America™ ("Fermi" or the "Company"), announced today an operations and maintenance (O&M) agreement with NAES Corporation ("NAES"), the largest independent operator of power plants in the United States. Under the agreement, NAES will run and maintain Fermi's natural gas turbine fleet at its Project Matador private-power campus in Carson County, Texas. "This agreement puts a proven and experienced operator in place that has been running power plants for more than 45 years," said Lee McIntire, Fermi Chief Executive Officer. "Our first customer is signed, our turbines are secured, and our EPC partners are on board. Now, with NAES, we're adding an operating partner with operations and maintenance depth, skilled crews, and proven management systems before the first natural-gas generation units come online. That protects uptime for the customers who are counting on us for quality and rel
Camino Receives Environmental Approval for Significant Exploration Expansion at the Costa de Cobre Copper Project in Peru28.9.2026 12:00:00 CEST | Press release
VANCOUVER, BC / ACCESS Newswire / September 28, 2026 / Camino Minerals Corporation (TSXV:COR)(OTCID:CAMZF) ("Camino" or the "Company") is pleased to announce that its Peruvian subsidiary, a 65/35 joint venture between Camino and Nittetsu Mining Co., Ltd. ("Nittetsu"), has received approval from Peru's Ministry of Energy and Mines ("MINEM") for the Second Modification of the Semi-Detailed Environmental Impact Assessment ("Second MEIA-sd") for its Costa de Cobre Project (formerly known and referred to in the permit as Los Chapitos), along the coastline in southern Peru. The approval represents a major milestone for Costa de Cobre, increasing the effective exploration area by approximately 94%, from 6,012.50 hectares to 11,671.90 hectares, and expanding the environmental framework to support a total of 280 drill platforms and up to 611,840 metres of drilling capacity, covering major portions of the three copper fault trends crossing Camino's claims: Diva trend; La Estancia trend; and the
Case IQ Launches Quantum Approvals & Disclosures So Compliance Teams Find Risk Earlier28.9.2026 10:00:00 CEST | Press release
LONDON, GB / ACCESS Newswire / September 28, 2026 / Case IQ, a leading provider of compliance and risk management solutions, today announced the launch of Quantum Approvals & Disclosures, a native AI-powered solution designed to help organisations identify risk earlier, reduce manual effort, and make more consistent, defensible compliance decisions. In addition to the embedded governed AI capabilities that support employees and compliance reviewers, the solution launches with two ready-to-use AI agents, Submission Support and Risk Spotlight. Employees receive intelligent guidance that helps them submit more complete and accurate information, while compliance teams gain the context needed to prioritise higher-risk activity and proactively engage before potential issues escalate. The solution supports complex approval and disclosure programmes spanning conflicts of interest, gifts and hospitality, donations and sponsorships, and other risk areas. By bringing submissions, reviews, decisio
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom