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Maus Stresses 'CU-Centric' CO-OP Financial

In the face of conversion "rhetoric," CO-OP Financial Services is committed to retaining its strong credit union character as it pursues further signups with ATM/electronic funds processing groups, a number of which are league-sponsored, according to CO-OP Chairman David Maus of Denver.

By Jim Rubenstein | Updated on June 12, 2007

COLORADO SPRINGS, Colo. — In the face of conversion “rhetoric,” CO-OP Financial Services is committed to retaining its strong credit union character as it pursues further signups with ATM/electronic funds processing groups, a number of which are league-sponsored, according to CO-OP Chairman David Maus of Denver.

“We remain credit union centric,” declared Maus in a speech at the annual shareholders meeting of the network last week in which he reaffirmed the CUSO’s revised by-laws barring CUs that convert to mutual savings banks from earning dividends or voting.

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