Green Check Verified
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
Clean Air Metals Announces 2026 Strategic Objectives in Historically Strong PGE and Copper Markets13.1.2026 01:10:00 CET | Press release
THUNDER BAY, ON / ACCESS Newswire / January 12, 2026 / Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV:AIR)(FRA:CKU0(OTCQB:CLRMF) is pleased to provide an overview of its 2026 objectives and highlights of 2025, for its 100%-owned Thunder Bay North ("TBN") Critical Minerals Project in Northwestern Ontario. Critical Project Advancement Objectives Spot prices for platinum, copper and palladium have appreciated by 70% (1000 $/oz), 25% (1.20 $/lb) and 50% 624($/oz) respectively versus study prices, since the results of the Preliminary Economic Assessment (PEA) were announced in the October 9th release. Using the financial model published in the PEA and applying current spot metal prices (as of January 6th), the TBN project shows a $708M1 NPV8 and a pre-tax IRR of 100% (post-tax NPV8 = $494M1 and IRR = 84%).This is a significant improvement in the project outlook in comparison to the PEA results that featured a $219.4M2 pre-tax NPV8 and a pre-tax IRR of 39%. This year, cons
Germany Buys Eight MQ-9B SeaGuardian(R) RPA Through NSPA12.1.2026 20:00:00 CET | Press release
NSPA Supports NATO Countries in the Acquisition and Sustainment of GA-ASI's Advanced Multi-Domain RPA SAN DIEGO, CALIFORNIA / ACCESS Newswire / January 12, 2026 / Germany's Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support and the NATO Support and Procurement Agency (NSPA) have announced the procurement of eight MQ-9B SeaGuardian® Remotely Piloted Aircraft (RPA) from General Atomics Aeronautical Systems, Inc. (GA-ASI). The program includes four Certifiable Ground Control Stations. First delivery is expected in 2028. Germany joins a growing list of NATO countries that have selected GA-ASI's advanced MQ-9B RPA for its multi-domain capabilities with exceptionally long range and endurance. The platform provides pole-to-pole satellite control and de-icing capabilities to enable missions in cold climates. SeaGuardian features two multi-mode surface-search radars that deliver wide-area maritime surveillance, with an option to add Anti-Submarine Warfare capa
Datavault AI Announces Target to Expand its AI Driven Data Monetization Network to Over 100 Cities Across the Contiguous United States, Starting in the Second Half of 2026 with Corresponding 2027 Revenue Target12.1.2026 14:05:00 CET | Press release
Datavault AI expects to have a fully operational network with over 100 nodes across 33 cities nationwide, generating revenue in the second half of 2026. Target revenue for this project is $400 to $500 million, thereby supporting the $200 million revenue guidance for 2026. With the full deployment of Datavault AI's nodes across 100+ cities throughout the United States, the 2027 revenue target is $2.0 to $3.0 billion for 2027. New York and Philadelphia edge network activation positions Datavault AI to potentially capture a significant share of the insurance and financial sectors, the healthcare industry, and enterprise opportunities. PHILADELPHIA, PENNSYLVANIA / ACCESS Newswire / January 12, 2026 / Datavault AI Inc. (Nasdaq:DVLT), a leader in AI-driven data valuation, monetization, credentialing, and digital engagement technologies, today highlighted the strategic importance of its New York and Philadelphia edge network deployment with Available Infrastructure's SanQtum AI platform. This
OBI Pharma and TegMine Therapeutics Sign Exclusive Global License Agreement for Glycan-Targeting ADC12.1.2026 13:00:00 CET | Press release
Successful Delivery of Commissioned ADC Candidate to Advance the Collaboration Between OBI and TegMine TAIPEI, TW / ACCESS Newswire / January 12, 2026 / OBI Pharma (4174.TWO) announced that it has entered into a commercial license agreement with TegMine Therapeutics, Inc. (TegMine), a San Francisco-based biopharma focused on developing antibodies targeting cancer-associated glycans and glycoproteins, for a glycan-targeting ADC. Under the terms of the agreement, OBI is eligible to receive an upfront payment as well as development and commercial milestones. Following product launch, OBI will also receive royalties based on a tiered percentage of annual net sales. While the detailed financial terms are not disclosed in accordance with the confidentiality provisions, the overall deal economics are broadly comparable to those of recent similar licensing transactions in the market. TegMine will obtain the exclusive global rights to develop and commercialize the ADC under the license agreemen
Charlie's Holdings (OTCQB:CHUC) Signs Agreement with IKE Tech to Commercialize Transformational Age-Gated Vapes that Will Address FDA Concerns Related to Youth Access12.1.2026 12:00:00 CET | Press release
SBX Product Line Will Feature First-Ever AI-Powered Blockchain-Based Age-Gating System for Vape Products IKE's patented biometric BLE Bluetooth chip and blockchain-based app will enable Charlie's to ensure that underage individuals will not be able to activate or utilize the Company's age-gated products. The IKE Licensing Agreement provides CHUC with a first mover advantage in youth access prevention (one of the FDA's top priorities) and a three-year exclusivity period for age-gated nicotine analogue products. Charlie's will test market the IKE age-gating system this spring with the Company's popular SBX nicotine analogue product line; simultaneously, Charlie's intends to incorporate the revolutionary technology into its PACHA branded Electronic Nicotine Delivery Systems (ENDS). COSTA MESA, CA / ACCESS Newswire / January 12, 2026 / Charlie's Holdings, Inc. (OTCQB:CHUC) ("Charlie's" or the "Company"), an industry leader in the premium vapor products space, today reported that the Compan
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