CO-OP Financial Services has won the bidding for the online and mobile bill payment business from U.S. Central Bridge, the NCUA said.
All employees of the corporate's Corporate Network eCom subsidiary will become employees of CO-OP Financial Services and continue serving the same clients, the big CUSO said, and the NCUA said the sale will facilitate the final resolution of the fate of the former U.S. Central Corporate Credit Union.
"Today's action is another important step toward the goal of winding down U.S. Central Bridge," NCUA Board Chairman Debbie Matz said Thursday.
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