DaLand Solutions in Aurora, Colo. said Friday it was acquired by the $433 million Nutmeg State Financial Credit Union.
The Rocky Hill, Conn.-based credit union will operate DaLand Solutions as a CUSO.
The acquisition's financial terms were not disclosed.
Recommended For You
"The relationship between our two organizations quickly grew from a mere client/vendor relationship to one of a partnership in the truest sense of the word," said Nutmeg President/ CEO John Holt. "The DaLand folks were like employees – a part of our extended family. It was readily apparent that DaLand shares our commitment to keeping credit unions relevant through the effective use of technology."
DaLand is a multifaceted technology and professional resources company that exclusively serves credit unions. The organization provides project management, which manages many different types of technology implementations; brokerage, which handles core, EFT and other technology searches; and enterprise services, which develops software and custom technology solutions, according to a DaLand prepared statement.
Jeff Levesque, Nutmeg's COO, was appointed CEO of the DaLand CUSO. DaLand's co-founders, Dan Micale and Jon Ungerland, will continue working for the new CUSO. Ungerland was named COO who will be responsible for the delivery of the CUSO's technology products and professional services. Micale was named chief relationship officer.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
