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
LiberNovo Support Week Goes Live: Up to 44% Off on Maxis, Omni SE and Omni Pro Ergonomic Chair Series25.8.2026 09:00:00 CEST | Press release
HONG KONG, HK / ACCESS Newswire / August 25, 2026 / LiberNovo Support Week is now open across the European Union and the United Kingdom. Through September 8, the Maxis Series, Omni SE, and Omni Pro are up to 44% off in the EU and up to 39% off in the UK, with three gift tiers and triple points for members. The name works two ways. Support your body. LiberNovo chairs respond as you lean in, sit upright, and recline, instead of holding you to one fixed posture. Support your journey. Through Create for Creators, LiberNovo backs the developers, designers, streamers, and gamers who do their work seated. Maxis Series: Built for Bigger Builds The event leads with the Maxis Series, sized from the frame up for taller, broader, and heavier users. A 52 cm seat depth supports more of the thigh, the wider cushion leaves room to shift, and the reinforced structure is rated to 181 kg. Five-stage recline control runs from 105° to 160° on progressive springs, so support holds steady at every angle, inc
Bear Robotics and BOWE IQ Partner to Cut Warehouse Robot Integration From Months to Weeks25.8.2026 07:00:00 CEST | Press release
The new partnership synchronizes Carti 100 AMRs with legacy WMS/ERP/MES environments, reducing deployment lead times by up to 40% at existing facilities. LONDON, UK / ACCESS Newswire / August 25, 2026 / Bear Robotics, which has deployed more than 16,000 autonomous robots across 20 countries, and BOWE IQ, a leading UK-based automation integrator, today announced a partnership to simplify and accelerate the integration of robotic automation into warehouse operations across the United Kingdom and Europe. The collaboration addresses a key challenge in warehouse automation: the technical complexity of connecting robotic fleets with existing warehouse and enterprise systems. By integrating BOWE IQ's software with Bear Robotics' Carti 100 AMRs, operators can more easily connect their robotic fleets to existing Warehouse Management Systems (WMS), Enterprise Resource Planning (ERP) systems, and Manufacturing Execution Systems (MES), reducing the need for bespoke integration and lengthy coding c
DocStyle Announces DocStyle AI: Document Productivity Tools, Accessible from the AI Assistants Lawyers Already Use19.8.2026 16:00:00 CEST | Press release
The new solution connects DocStyle's document engine to Claude for Word, Microsoft Copilot, and a dedicated chat pane, available for pre-order today ahead of general availability on October 1st. MIAMI, FL / ACCESS Newswire / August 19, 2026 / DocStyle, a leading provider of legal document repair, structuring, and automation solutions, today announced DocStyle AI. Rather than embedding a general AI chat into its software, DocStyle made its full document productivity engine accessible from the AI assistants legal professionals already use, including Claude for Word and Microsoft Copilot, alongside a dedicated DocStyle AI chat pane inside the DocStyle Ribbon. Built on the Model Context Protocol (MCP), an open standard, DocStyle AI is vendor-independent by design, staying reachable as AI models change and protecting the customer's investment. "We have always known that when making substantive changes to Word documents, you have to be inside Microsoft Word," said Chris Cangero, CEO of DocSt
Europe SPAC Summit 2026 to Convene Leading SPAC Sponsors, Investors, and European Growth Companies in Zurich on December 1019.8.2026 15:00:00 CEST | Press release
One-Day, Invitation-Only Summit Maps the Path from European Innovation to U.S. Capital Markets NEW YORK, NY AND ZURICH, SWITZERLAND / ACCESS Newswire / August 19, 2026 / As a landmark year for European companies in the U.S. public markets continues to build momentum, the Europe SPAC Summit will convene the dealmakers driving the region's de-SPAC renaissance, turning its focus to deal flow, capital formation, and every stage of the path from European innovation to a thriving U.S. listing. The invitation-only Summit takes place on Thursday, December 10, 2026, at The Dolder Grand in Zurich, Switzerland, co-hosted by AUM Advisors and MBP Global. The Summit features a keynote session with Kyivstar, Ukraine's largest mobile operator, whose successful Nasdaq listing through a merger with a SPAC sponsored by Cohen Circle, the investment platform founded by fintech pioneer Betsy Cohen, demonstrates that this approach can create real value for Europe's growth companies. The program also includes
SMBs Attract Talent with AI Upskilling as Large Firms Cut Jobs and Benefits, Study Finds18.8.2026 12:00:00 CEST | Press release
General Assembly study finds role-specific AI training is the most effective approach for SMBs NEW YORK CITY, NY / ACCESS Newswire / August 18, 2026 / Small-to-medium employers (SMBs) see their human talent as a key area of investment for the AI era and are seeing strong impact from role-specific AI training, according to new research from General Assembly, a global leader in practical AI skills training. Layoff and benefit reductions at larger companies have made it easier for SMBs to recruit and retain top talent, say 81% of human resources (HR) leaders at SMBs, while nearly half (47%) of SMBs have already hired from larger firms in the past year. "Growth-stage companies see AI adoption as a catalyst, not a cost-cutting exercise," said Daniele Grassi, CEO of General Assembly. "They're able to move faster to implement AI and scale it quickly, and they're upskilling their workforces accordingly. As talent sees daily headlines around layoffs and benefit reductions, they're increasingly
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