Carroll Beach, chief operating officer of CO-OP Shared Branching Services and former CEO of CUSC Shared Branching, will retire as of the end of January, according to CO-OP Financial Services.
"CO-OP Shared Branching has been fortunate to have Carroll's experience and knowledge as part of our team," said Bill Raker, chairman of the board of CO-OP Shared Branching. "He has played a pivotal role in leading the corporation to success with his steadfast devotion, progressive perspective and enthusiastic commitment to the betterment of the financial health of credit union members."
Stan Hollen, CEO of CO-OP Financial Services, said: "Carroll's leadership has undoubtedly left lasting contributions to shared branching, to CO-OP and to the movement. Carroll was instrumental in the combination between CO-OP and CUSC in 2007, allowing credit unions to offer unprecedented access and convenience to their members. His vision has enabled credit unions to plug into one technologically advanced, streamlined hub, making a variety of payment channels easily available to members now and in the future."
Beach served as a pioneering credit union leader, beginning with a term as CEO of the Colorado Credit Union System. For his 30-year tenure, he was responsible for the executive leadership of the Colorado Credit Union League, its subsidiaries and related organizations.
"I have been privileged to witness both shared branching and the movement as a whole expand and grow into a system that stays true to the credit union philosophy," Beach said. "The technological innovations that have evolved over time have changed the way people take care of their financial business. I am proud to have been part of an industry where organizations work together to help members succeed financially."