For Immediate Release
Rhyze Solutions LLC, a new credit union service organization (CUSO) delivering capital markets solutions to its network of financial institutions, has announced two co-founding partners, Allied Solutions and Everwise Credit Union, both with multimillion-dollar investments.
Rhyze Co-Founder and President Chelsea Feliciano said the partnership enables the CUSO’s “ability to build and scale the company with an innovative platform that supports a wide range of products and services across multiple asset classes.”
“While we look forward to adding more credit union owners to the CUSO, we couldn’t be more excited to launch with the strategic partners of Allied Solutions and Everwise Credit Union,” Rhyze Co-Founder and CEO, Syd Libsack added. “Beyond the size, scale, and sophistication of these partners, the entire Rhyze management team is most energized about the philosophical alignment for how we will build long-term success that supports the industry. We are excited to launch this journey, building the premier capital markets platform that provides loan and liquidity solutions with scale and efficiency that are only achievable through the power of the network.”
Everwise emphasized that its investment in Rhyze aligns with the continual growth of the credit union and contributes to a brighter future for its growing 300,000 plus member base. “This new investment and partnership allows Everwise to strategically expand our lending and capital markets operations, driving long-term value for our members’ financial futures. And for the broader industry, we’re excited to co-found this credit union-native CUSO that will offer partners flexible ways to participate across our end-to-end, investment-grade, and multi- asset-class lending platform,” said Everwise President and Chief Executive Officer, Jason M. Osterhage.
Allied Solutions has completed several lending centric investments and acquisitions in the past few years. Chief Executive Officer of Allied, Pete Hilger, believes this latest investment in Rhyze
is yet another critical step in delivering an unrivaled suite of solutions that drive long term growth and sustainability to their financial institution clients. “We’ve been incredibly intentional about the investments and partnerships we’ve established at Allied.” Hilger said. “We know that increased sophistication in lending operations, liquidity, and engagement in the capital markets are systemically important for our clients’ future success. Our partnership with Rhyze is another example of our commitment to do just that.”
To learn more about Rhyze Solutions, visit www.rhyze.com
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About Everwise Credit Union
Everwise Credit Union is Indiana’s largest Credit Union with more than $5 billion in assets, over 50 branches throughout Indiana and southwest Michigan, and more than 300,000 members. Everwise offers traditional financial services including checking, savings, mortgages, and credit cards, as well as non-traditional services, such as investments. Since its founding in 1931, Everwise has focused on making a positive impact on its members and the community. For more information, visit everwisecu.com.
About Allied Solutions
Allied Solutions is one of the largest providers of insurance, lending, risk management, and data driven solutions to financial institutions. Allied Solutions uses technology-based solutions customized to meet the needs of 4,000 clients along with a portfolio of innovative products and services from a wide variety of providers. Allied Solutions is headquartered in Carmel, Indiana, with regional offices in Florida, Minnesota, South Dakota, and Texas. Allied Solutions is a wholly owned and independently operated subsidiary of Securian Financial Group. Visit alliedsolutions.net to learn more.
