Illinois Credit Union League invests in strategy fintech

May 18, 2022

Envisant, a subsidiary of the Illinois Credit Union League (ICUL), invested in credit union Service Organization (CUSO), Pure IT. This capital investment will allow an expansion of Pure IT’s innovative IT Strategy work and will assist credit unions to compete for, and serve, more members.

Both Envisant and Pure IT both believe innovative technology strategy are key to credit union success. The two organizations will focus on providing credit unions with access to innovative technology, strategy, and business intelligence.

“I’m thrilled for this opportunity to help expand Pure IT’s innovative services to credit unions in Illinois and across the country through our league partnerships,” said Tom Kane, president/CEO of ICUL and Envisant. “Pure IT is a quality partner who knows credit unions. I look forward to working with them to increase credit union access to their business-changing services.”

“We are honored to partner with Envisant and the ICUL,” exclaimed Jack Smith, CEO, and co-founder of Pure IT. “This is exciting because this endeavor will offer robust technology services to credit unions of all shapes and sizes, allowing them to stay innovative while also meeting NCUA compliance and regulatory requirements.”

“Envisant is more than an investor in Pure IT, we’ve signed on as a partner and delivery channel to help credit unions build efficient infrastructures and develop strategies that fulfill member expectations,” said Libby Calderone, President of Envisant. “Customized technology services take member relationship-building to a new level, strengthening brand loyalty.”

Pure IT is a technology partner that becomes an extension of credit unions’ technology operations. Envisant is functioning as a delivery partner, leveraging its extensive networks, to bring these technology services to credit unions.