Credit Union Veterans Tom Dorety, John Radebaugh Appointed to CO-OP Board of Directors

Both New Members Hail from Southeast U.S., A Key Market for CO-OP Financial Services

RANCHO CUCAMONGA, Calif. (February 4, 2010) – Tom Dorety and John Radebaugh have been appointed to the Board of Directors of CO-OP Financial Services, the industry’s leading provider of products that help members of credit unions conveniently access their accounts.

Both industry veterans are joining the CO-OP Board of Directors to fill unexpired terms of retiring members. Dorety fills the position of Bucky Sebastian and will stand for election in 2011, while Radebaugh replaces Gary Wolter, and will stand for election at CO-OP’s Annual Meeting in April.

At its meeting of Jan. 26, 2010, the CO-OP Board of Directors also created a new seat on the Board, which is currently vacant, bringing the board’s total to 11 members. A candidate for this position is also expected to be elected at the April annual meeting of the company.

“We thank Bucky and Gary for their valuable service to the CO-OP Board of Directors, and we look forward to the contributions of Tom and John, two seasoned credit union executives who will bring vast industry experience to the oversight of CO-OP Financial Services,” said J. David Osborn, Chairman of the CO-OP Board of Directors.

“In particular, our two new Directors are based in Florida and North Carolina, while our retiring Directors are from Florida and Alabama,” said Osborn. “The appointment of Tom and John ensures that the perspectives of credit unions in the Southeast United States – a key market for CO-OP – will continue to be fully represented.”

Dorety is President/CEO of Suncoast Schools Federal Credit Union, Tampa, Florida, the ninth largest credit union in the United States with more than $5.5 billion in assets and 490,000 members. He became President/CEO at Suncoast in April 1996 after serving as Senior Vice President for eight years. Prior to Suncoast, he spent 13 years at State Employees’ Credit Union in North Carolina.

Radebaugh has served as President/CEO of the North Carolina Credit Union League since October 2003. Previously, he served as President of the New Mexico Credit Union League. Radebaugh has been actively involved with legislative affairs on both the state and federal levels, worked to improve service to members and advance the credit union movement on a national level.

About CO-OP Financial Services

Based in Rancho Cucamonga, Calif., CO-OP Financial Services is the industry leader in access and convenience products for credit unions. Nearing 30 years of credit union service, CO-OP connects credit union members to offerings like their nationwide ATM network, debit processing services, ATM processing and other account-driven access channels such as shared branching, CO-OP Member Center, check imaging services and mobile payments. A total of 3,000 credit union members, 26 million cardholders, 28,000 surcharge-free ATMs, 3,900 shared branch locations, plus 160 million-plus monthly transactions, make CO-OP the nation’s largest credit union service organization, offering the tools, knowledge and leadership to help credit unions prosper. To learn more,
visit www.co-opfs.org. Follow CO-OP on Twitter at: http://twitter.com/COOPFS and keep up with industry issues and solutions via the CO-OP Insight Vault blog at: http://co-opinsightvault.com.

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