RANCHO CUCAMONGA, Calif., and DALLAS, Texas, August 7, 2013 - In a move that reflects the growing CO-OP business line, CO-OP Financial Services and Credit Union Resources, Inc., are announcing an expansion of their partnership offering CO-OP access and convenience products to credit unions.
CU Resources provides business solutions for credit unions throughout the country. In addition to renewing their collaboration on CO-OP products they already offer, CU Resources will now also represent CO-OP Signature and PIN Debit transaction processing, and CO-OP Credit for in-house (pass-through) credit card transaction processing.
"CU Resources is a great partner in our mutual goal of helping credit unions be the most convenient institutions in financial services today," said Stan Hollen, President/CEO of CO-OP. "Their endorsement of CO-OP Debit, Credit and Sprig by CO-OP is a significant development in our ability to make these products available to the market."
"CO-OP has added a wide range of new products in recent years that are of value to our credit unions," said Bob Gallman, EVP/COO of CU Resources. "Whenever we endorse a product or service, we conduct a rigorous due diligence process to ensure it provides the best benefit and value for the price. CO-OP products definitely meet the standard of our tag line 'Your Business, Our Focus, Expert Solutions.' After many years of association, we know with CO-OP as a partner we are in the best position to do that."
CU Resources and CO-OP have partnered on CO-OP Shared Branching since 2004. The two companies also work together to offer CO-OP Network, a national network of surcharge-free ATMs for members of participating credit unions; CO-OP Member Center, for lending and member call center support; CO-OP Mobile for banking by mobile device; Sprig by CO-OP, a multi-institutional "virtual credit union branch" available with no implementation fee to CO-OP Shared Branching participants; and CO-OP My Deposit Mobile for remote check depositing.
About Credit Union Resources, Inc.
Credit Union Resources, Inc. is a wholly-owned subsidiary of the Cornerstone Credit Union League. Its goal is to be the leading provider of business solutions for the credit union community. It offers cutting-edge services designed by professionals who understand credit unions and market place trends, including lending products, technology solutions, strategic planning, advertising, marketing research, compliance audits, security reviews, executive searches, staffing and other operational processes. For more information about Credit Union Resources, Inc., visit www.curesources.coop.
About CO-OP Financial Services
Based in Rancho Cucamonga, Calif., and founded in 1981, CO-OP Financial Services is the nation's largest credit union service organization in terms of number of credit unions, assets and members. The company helps credit unions thrive by providing products and services that make it more convenient for members to do business with them. With a motto of "Be There. Be More," CO-OP's products fall into three business lines, including "Locations," (ATM, shared branching and call center services); "Card Payments" (debit and credit processing) and "Mobile/Virtual" (mobile, online, check imaging, bill pay services). To learn more visit www.co-opfs.org.