BY JOHN SAN FILIPPO
DaLand Solutions moves to strengthen its role as a true credit union technology leader.
AURORA, Colo. and Rocky Hill, Conn. – June 19, 2018: DaLand Solutions, a leading provider of technology and professional services to credit unions nationwide, today announced that it has been acquired by Nutmeg State Financial Credit Union ($450M; 39,000 members) and will operate as a wholly owned CUSO of the credit union. Nutmeg State became a DaLand customer in 2015, initially relying on the firm for assistance in selecting its new core processing platform. The two organizations have undertaken many joint projects since.
“My partner Jon Ungerland and I both have strong credit union roots,” said DaLand co-founder Dan Micale. “We’ve always considered DaLand as more than just another credit union vendor. When Nutmeg approached us about becoming a CUSO, it made perfect sense as the next logical step for our company.” According to Micale, the two organizations share a common vision of technology and what it means to the future relevance of the credit union industry. Operating as a CUSO will give DaLand access to resources they wouldn’t have otherwise had available.
“We’ve created what we consider a next-generation CUSO,” added Ungerland. “From the early stages in the dialogues about this concept and through the legal formation of DaLand CUSO, Nutmeg has been committed to intentionally structuring the CUSO to ensure we’re even more focused and aggressive in pursuing a wide range of important technology initiatives designed to directly impact credit union relevance.”
Micale now takes on the role of Chief Relationship Officer, while Ungerland, formerly the CEO, is now COO. Ungerland remains responsible for DaLand’s technology products and professional services delivery.