Partner Colorado Credit Union
Partner Colorado Credit Union understood the increased risk to public safety the passing of legal recreational marijuana legislation had on the community. Millions of dollars of unbanked money circulating through the population with no security in place was dangerous.
Although there was no guarantee from the Fed to bank these business, CEO Sandy Seefried, the Board of Directors and her staff did the due diligence of catering to these businesses, banking 50 million dollars from their clients in their first year.
Taking on the perplexities of this market was in the best interest of all the citizens of Colorado. Safe Harbor eliminates large cash vendor payments that previously were transported in backpacks, while providing employees with safe pay and banking options.