CO-OP and Members United Complete System Sale
CO-OP Financial Services' acquisition of Members United Corporate FCU's SHARE SYSTEM ATM and debit card program is complete, the two organizations announced today.
"We look forward to continuing the SHARE SYSTEM program for clients with no material change and providing the same great local service from the SHARE SYSTEM team," said Stan Hollen, president/CEO of CO-OP Financial Services.
Members United announced it was selling the division to the Rancho Cucamonga, Calif.-based CO-OP March 15, calling SHARE SYSTEM valuable to members, but unsustainable over the long term.
In today's release, CEO Joseph Herbst praised CO-OP for retaining Members United employees, saying the decision promotes consistency of service and value to MUCFCU members.
The acquisition added nearly 70 new payment processing credit unions and more than 100 ATMs to the CO-OP network, Hollen said at the time of the purchase.