Cannabis Banking Will Never Be Easy, Credit Union Veteran Warns

The SAFE Banking Act may not solve all of the issues related to money and cannabis

Sundie Seefried announced in February that she was stepping down after 20 years as CEO of Partner Colorado Credit Union in Arvada, Colo. But she’s not going far.

Seefried became the CEO of a new cannabis banking company — Safe Harbor Financial — that is essentially a fully owned credit union service organization of Partner Colorado.

The cannabis program was simply taking too much time and attention from the operations of the $564 million-asset credit union, so it decided to separate all things cannabis-related into its own division, she said.

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