WINSTON-SALEM, N.C. — Co-operative Payroll Solutions, LLC recently elected Lisa Renner, CEO of CU Holding Company LLC, and Jeff Russell, CIO/vice president strategic development at The Members Group and executive vice president of affiliate TMG Financial Services, to its board.

CPS is a subsidiary of Allegacy Services, LLC, a CUSO owned by $1.2 billion Allegacy FCU. The CUSO began payroll processing for Allegacy FCU in April 2006. Those services were then extended to other credit unions and Allegacy FCU's commercial membership.

CPS currently processes payroll for more than 1,400 employees with a client base formed from credit unions, CUSOs, and commercial members in fifteen states. The CUSO will celebrate its second anniversary in October.

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.
NOT FOR REPRINT

© 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.