ONTARIO, Calif. And ATLANTA — Credit Union Service Corporation, the nationwide shared branching network headquartered in Duluth, Ga., has become part of CO-OP Financial Services, the two organizations announced today.

CUSC member credit unions signed off on the purchase of 51% of CUSC, which will continue as the shared branching arm of CO-OP. With the merger, the new organization will represent 80% of nationwide shared branching participants, the organizations said in a prepared statement.

"CUSC and CO-OP share the common goal of providing our participant credit unions with delivery channels that meet their members' needs," said Carroll Beach, CUSC president/CEO. "By combining forces, we're giving credit unions even more economies of scale to provide convenience for their members. We're enthusiastic about this opportunity to enhance our shared branching efforts and create the most relevant tools for our clients, such as our ground-breaking NGN switch."

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.