MIRAMAR BEACH, Fla.–Rhyze Solutions, a CUSO that provides capital markets solutions, said it has added two new investor-owners.
The CUSO, founded in partnership with Everwise Credit Union and Allied Solutions, said Canvas Credit Union in Denver and Members 1st Federal Credit Union in Enola, Penn. have joined Rhyze as its two newest owners.
“In its short two-year history, Rhyze has launched a variety of loan and liquidity solutions for the credit union industry,” the company said in a statement. “With offerings in both Commercial and Residential lending, Rhyze is successfully delivering value to its partners and the industry in all six of its platform pillars: Multi-Asset Class, Accreditation, End-to-End, Modularity, Investment Grade, and Credit Union Native.”
‘Expansive Network’
Rhyze reported it has built an “expansive network” of credit union customers with total asset sizes ranging from less than $500 million to more than $25 billion.
“Similarly, Rhyze has an equally expansive network of loan source providers that share the common need of aggregation and scale,” the organization said. “The six pillars of Rhyze, when prioritized together, create loan programs that enable scale and sustainability for all parties. Utilizing technology to deliver solutions for large and small institutions is a focus and core competency.”
members. Joining the strategic ownership group of Rhyze is exactly the type of mutually beneficial partnership that allows the whole to be greater than the sum of the parts.”
Rhyze CEO Syd Libsack expressed his gratitude, noting that “
‘Shared Vision’
“The addition of Canvas and Members 1st as owners, alongside Everwise, Vantage West, and Allied, leverages a shared vision and others-focused perspective that spurs meaningful impact to the industry,” Rhyze CEO Syd Libsack said in a statement. “I speak for all leaders at Rhyze when I express our humble appreciation for these institutions and their leaders, supporting our exciting movement. The capital markets capabilities among credit unions throughout the country are already improving from this collaboration.”
