"With CO-OP Financial Services, a credit union-owned organization as the new provider of this product, our members will have continuous value," said Joseph P. Herbst, CEO of Members United. "CO-OP's retention of staff further promotes the consistency of service offered to our members, which is of the upmost importance."
CO-OP was selected by Members United as the new provider of SHARE SYSTEM because it is a credit union organization serving more than 3,200 credit unions for network, debit processing, shared branching and call center services; CO-OP is the largest credit union-owned debit processor, aggregating volume to optimize credit union value; and CO-OP already has a significant presence in Indiana.
"We look forward to continuing the SHARE SYSTEM program for clients with no material change and providing the same great local service from the SHARE SYSTEM team," said Stan Hollen, President/CEO of CO-OP Financial Services. "In addition, SHARE SYSTEM clients will be able to leverage scale economies through CO-OP as the largest credit union debit processor, and take advantage of the broad product set CO-OP can deliver."
About Members United Corporate FCU
Members United Corporate Federal Credit Union is a $9.5 billion financial institution that provides wholesale investment, credit, payment and correspondent services to approximately 25 percent of the credit unions in the United States. Focused on providing value for its members, Members United is headquartered in Warrenville, Illinois. To learn more, visit www.membersunited.org
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 their accounts through network services, payment processing, e-commerce, CO-OP Shared Branching and call center services. With a total of 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,000 shared branch locations and 160 million-plus monthly transactions, CO-OP Financial Services is the nation's largest credit union service organization, offering the tools, counsel 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 via the CO-OP Insight Vault blog at:http://co-opinsightvault.com.