CO-OP Financial Services has completed its merger with FinancialService Centers Cooperative, creating one nationwide sharedbranching operation for credit unions, the Rancho Cucamonga,Calif., CUSO announced Tuesday.
|The new network comprises more than 1,700 credit unions, 4,400branch locations and 2,200 kiosks in 7-Eleven stores, the companysaid.
|Sarah Canepa Bang, CEO of 21-year-old FSCC since 1999, willcontinue as president and chief operating officer of FSCC and chiefstrategy officer of CO-OP Shared Branching, the company said. Theleadership team also includes Craig Beach, president/COO of CO-OPsubsidiary Credit Union Service Corp.
|CUSC and FSCC will now be under the CO-OP Shared Branchingbusiness line, said Stan Hollen, president/CEO of CO-OP FinancialServices.
|“It is very gratifying to note that with the conclusion of ouragreement, all the major pieces of the credit union movement'sdecades-old shared branching initiative have been brought together,” Hollensaid.
|CO-OP Financial Services, meanwhile, said it now has more than3,000 credit union members and also provides network, paymentprocessing, e-commerce and call center services, with more than 30million cardholders and 28,000 surcharge-free ATMs.
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