CO-OP Financial Services and The Members Group have announced a strategic partnership aimedat letting them jointly develop products and present a unifiedportfolio of payment services for credit unions.
Under the agreement, CO-OP will make a “strategic investment” inTMG, a payments and services CUSO affiliated with the Iowa CreditUnion League. Executives with each organization declined toreveal the scope of the investment.
Both organizations will retain their management structure andindependent product offerings, but each will also offer the other'sproducts and services and cooperate on strategic marketing,planning and development, executives said in a press call onThursday.
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