Nook Secures Investment from Dort Financial, Forms CUSO
Summary
WAYZATA, MN (April 9, 2024) Nook (www.nook-inc.com), a pioneer bringing relationship-based banking back to credit unions, is thrilled to unveil a significant milestone in its journey: a strategic investment from Dort Financial Credit Union, one of its earliest clients. With Dort Financials investment, Nook is proud to announce its transformation to a Credit Union Service Organization (CUSO).We are excited to join Nook as an investor and CUSO owner, stated Brian Waldron, CEO of Dort Financial Credit Union. By becoming a CUSO, Nook further cements its commitment to the credit union industry and its members.Its incredible to have an innovative credit union like Dort Financial believe in your vision and take the leap of faith to join you as a client and help pilot your solution, said Austin Wentzlaff, Co-Founder & CEO of Nook. We built Nook to solve a very specific problem in the credit union industry, and becoming a CUSO was always a part of the plan. Incorporating lifestyle topics alongside financial content allows Nook to offer a fresh perspective, encouraging more frequent member engagement and enabling credit unions to sell without selling by allowing members to envision the practicality, relevance, and positive impact that credit union solutions have on their lives.