The Ohio Credit Union League said Thursday it will purchase an ownership share of Plexcity, an Ontario, Calif.-based CUSO founded to consolidate and cut back office operations costs.
"We're very excited about it," Paul Mercer, president/CEO of the Ohio league, said. "We're quite certain that you'll continue to hear announcements by other leagues that are interested in taking advantage of the collaborative benefits of Plexcity."
The California and Nevada Credit Union Leagues, the New Jersey Credit Union League and the Maryland-District of Columbia Credit Union Association founded Plexcity last year. In August, the Hawaii Credit Union League purchased a share ownership stake in the collaborative venture.
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