FOR IMMEDIATE RELEASE
Contact: Bill Prichard
Public Relations Manager
CO-OP Financial Services
800.782.9042, ext. 3450
CO-OP FINANCIAL SERVICES AND FSCC CLOSE AGREEMENT TO COMBINE
Credit Union Shared Branching Operations Now Unified
RANCHO CUCAMONGA, Calif. (January 24, 2012) – The agreement of CO-OP Financial Services and FSCC to combine operations, announced in September, is now complete and the two organizations are one company as of the New Year.
Signing the final paperwork to conclude the agreement are, Sarah Canepa Bang, now President and COO of FSCC, and Chief Strategy Officer of CO-OP Shared Branching; and Stan Hollen, President/CEO, CO-OP Financial Services. Bang joins the CO-OP Shared Branching leadership team, which also includes Craig Beach, President and COO of Credit Union Service Corporation, a subsidiary of CO-OP Financial Services.
“It is very gratifying to note that with the conclusion of our agreement, all the major pieces of the credit union movement’s decades-old shared branching initiative have been brought together,” said Hollen. “Now under the CO-OP Shared Branching business line are FSCC and the operations of Service Centers Corporation and Credit Union Service Corporation.
More than 1,700 credit unions nationwide participate in shared branching, making more than 4,400 physical branch locations available to their members, plus 2,200 Vcom® kiosk locations at 7-Eleven® stores. For more information, visit www.co-opfs.org.
About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,400 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.
Tue, January 24, 2012
by Micah J. Parker