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ONTARIO, Calif.- Bob Rose, CEO of the CO-OP Network, the largest credit union owned fee-free ATM Network in the U.S. announced this year that he will retire in June 2005 and likely move on to find a teaching job somewhere. “I had set as a goal to retire at 62,” Rose said at the time of the announcement, “and then the board asked me to delay that for 18 months I agreed, but only for that long.” Rose came to CO-OP Network in 1990 after serving as president and CEO of the LA Water & Power Credit Union and holding positions with the California Credit Union League and an Illinois credit union. Under his leadership, the CO-OP Network has grown from an organization with less than 150 member credit CUs, 300 ATMs and 50 million annual transactions in California and Nevada, to one that includes one billion annual transactions, nearly 20,000 ATMs, and 1,800 credit unions spread across 50 states and 11 countries. Rose said one of the critical projects that caused him to stay on was bringing the branches of the shared branches belonging to the Shared Service Centers fully in line with CO-OP’s switch as the last part of the organizations’ merger. He is also committed in staying on to help bring the $1.4 billion Coastal Credit Union fully into the network. “This is a very large new member for us and there is plenty for us to handle before I leave,” Rose said. The CO-OP has retained an executive search firm and expects to have someone leading the Network in place before Rose leaves in June.

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