Sundie Seefried is presently the CEO Safe Harbor Financial, a CUSO of Partner Colorado Credit
Union located in Denver Colorado. She is the former CEO of Partner Colorado Credit Union and recently retired from her credit union career of 38 years to focus her full attention on cannabis financial services. She holds a Bachelors in Business Management from the University of Maryland and an MBA in Finance from Regis University.
Instead of heading into retirement at the end of 2014, she designed a full scope Cannabis Banking Program known as the Safe Harbor program which has withstood the scrutiny of 15 Federal and
State exams to date. The credit union now banks in excess of $300 million per month of cannabis related funds; having now banked in excess of $8 Billion since inception.
She regularly provides cannabis banking education to legislators, regulators, attorney’s generals,
state officials and financial institutions and has established herself as an expert on the topic; having her program featured in the NY Times Magazine, January 2018. She is on a mission to normalize banking for the cannabis industry while assisting law enforcement and federal agencies be more effective at combating illicit activities and protecting the financial system.
To share her knowledge, she authored the book ‘Navigating Safe Harbor – Cannabis Banking in Uncertain Times’ in 2016, as well as contributing an entire chapter on cannabis banking in the newly released university textbook, The Politics of Marijuana: A New Paradigm, by Timothy McGettigan; both available on Amazon.
About Safe Harbor Financial:
Safe Harbor Financial is a Credit Union Service Organization (CUSO) launched by Partner Colorado Credit Union to serve the cannabis industry as well as ancillary service providers, hemp and CBD businesses. Presently headquartered in Arvada, Colorado and serving in excess of 500 cannabis related accounts and compliantly banking in excess of $300 million each month of cannabis related funds.
Safe Harbor Financial also assists affiliated financial institutions with the implementation of their own Safe Harbor Program to include all facets of compliance, proprietary software and BSA training support.
Managing a Cannabis Portfolio
Cannabis banking touches every part of the financial institution and should be considered in policies, procedures, and committees. The portfolio must be built carefully and methodically to protect safety and soundness. Sundie will share insights on how financial management of a portfolio will impact your financial institution, ALCO reports, and board reporting along with historical information to demonstrate impact.