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
GA-ASI Partnering With Spirit Defense For FQ-42 CCA Production23.10.2026 18:00:00 CEST | Press release
SAN DIEGO, CA / ACCESS Newswire / October 23, 2026 / General Atomics Aeronautical Systems, Inc. (GA-ASI), the world leader in Uncrewed Aircraft Systems (UAS), today is announcing our partnership with Spirit Defense, a Boeing Company, to support airframe production of the new FQ-42 Vengeance Collaborative Combat Aircraft (CCA). In June, GA-ASI won a contract from the U.S. Air Force (USAF) to produce FQ-42. Spirit Defense's role as a fuselage design-build partner brings together the company's engineering and advanced manufacturing capabilities to support the program from design through production. GA-ASI has been the sole manufacturer of its line of UAS - which includes MQ-9A Reaper®, MQ-1C Gray Eagle®, MQ-20 Avenger®, and MQ-9B SkyGuardian®/SeaGuardian - since the company's inception in 1992. For the FQ-42 program, partnering with Spirit Defense is a strength multiplier for the company and the nation, offering manufacturing capacity and industrial depth to scale CCA production faster, w
Study Finds Lower Rates of Overweight Among Vegan-Fed Cats23.10.2026 16:45:00 CEST | Press release
LONDON, UK / ACCESS Newswire / October 23, 2026 / A large-scale survey published in Frontiers in Animal Science has found cats fed vegan diets had lower rates of obesity and related health problems, than those fed conventional meat-based diets. An online survey analysed carer-reported veterinary assessments of 1,305 cats fed either conventional meat-based (90%) or vegan (10%) diets for at least one year. After accounting for factors including age, sex, neuter status, activity and feeding practices, vegan-fed cats had 34% lower odds of being assessed as overweight. However, the difference was not statistically significant, in part reflecting the relatively small number of vegan-fed cats. For several body weight-related problems, no vegan-fed cats were affected. Nevertheless, researchers say the findings show an interesting trend that warrants further investigation. Overweight and obesity are common in domestic cats, with veterinary studies estimating that around 30-60% of cats are overw
Leggett Dynamics's Mid-Class Massage System Wins Gasgoo's Best Technical Practice Award23.10.2026 16:00:00 CEST | Press release
SHANGHAI, CHINA / ACCESS Newswire / October 23, 2026 / Leggett Dynamics today announced that its Mid-Class Massage System (MCM) received Gasgoo's Best Technical Practice Award during a ceremony held at the 14th annual Automotive & Environment Innovation Forum in Shanghai. The Gasgoo Best Technical Practice Award honors automotive technologies that have proven innovation, production readiness and measurable customer value in real-world vehicle applications. The judging panel cited MCM's innovation that achieves affordable, premium-level comfort for mid-class vehicle programs. About Leggett Dynamics' Mid-Class Massage System Leggett Dynamics' MCM is a comfort innovation that expands premium massage technology beyond the luxury vehicle segment. Already in serial production with a leading global OEM and generating strong interest from multiple global automakers, the innovation delivers a premium massage experience while reducing system cost and complexity through the intelligent use of pre
New Global Initiative Seeks to Modernize Health Workforce Mobility22.10.2026 17:00:00 CEST | Press release
PHILADELPHIA, PA, TORONTO, ON AND GRONINGEN, NETHERLANDS / ACCESS Newswire / October 22, 2026 / TruMerit® and Centennial College, with support of the Groningen Declaration Network (GDN Network), have unveiled a new vision for the future of global health workforce mobility, introducing a framework designed to help health professionals carry trusted, verifiable records of their qualifications and competencies across borders. The initiative is detailed in a newly published paper titled "Toward a Global Digital Credential Mobility Ecosystem for Migrating Health Professionals." As healthcare systems worldwide face persistent workforce shortages, internationally educated health professionals often encounter lengthy, duplicative, and inconsistent credential recognition processes that can delay entry into practice. The paper proposes a new approach centered on a Global Competency Record (GCR). This portable digital record could securely bring together verified evidence of a professional's educ
P&G, Nestlé, Mars, AstraZeneca, ITC and Bekaert win OMP Supply Chain Awards22.10.2026 15:00:00 CEST | Press release
ANTWERPEN, BE / ACCESS Newswire / October 22, 2026 / OMP, a leader in AI-powered supply chain solutions, recently honored six global brands at its conferences held earlier this month in Singapore and Shanghai. The recognized companies - Procter & Gamble (P&G), Nestlé, Mars, AstraZeneca, ITC, and Bekaert - were celebrated for driving decision velocity, co-innovation, and impactful business results. Supply Chain Innovation & Excellence Award: Nestlé and Bekaert Nestlé, one of the world's largest food and beverage companies, and Bekaert, a global market and technology leader in material science of steel wire transformation and coating technologies, received OMP's Supply Chain Innovation & Excellence award for their breadth of deployment and depth of co-innovation.Nestlé aligns its supply network at the strategic, tactical, and operational levels on OMP's Unison Planning™ platform, connecting forecasting, planning, and replenishment end-to-end. As more routine work becomes touchless, plann
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