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FALLS CHURCH, Va. — Member credit unions that belong to the ENCORE Electronic Service Cooperative have voted to merge the cooperative with CO-OP Financial Services. CO-OP Financial Services is the parent cooperative of the nationwide surcharge-free CO-OP Network. ENCORE reported that 80% of the cooperative’s members voted by the Nov. 30 deadline and that they all voted in favor of it. “Financial services are a very competitive category. Joining CO-OP Financial Services gives our members more fire power as they compete with banks for new members,” said Tom Reed, president/CEO of ENCORE. “CO-OP is thrilled to welcome ENCORE’s members. ENCORE and CO-OP Financial Services were both founded by credit unions banding together to offer more and better access to credit union services,” said Jim Hanisch, executive vice president for CO-OP Financial Services. “Our credit unions all share a total commitment to bringing their members the best and most affordable financial services products and services. Joining forces makes us more competitive–and ultimately credit union members reap the benefits.”

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