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News Now

CU System
CO-OP Fin. Services reaffirms confidence in corp. system
RANCHO CUCAMONGA, Calif. (9/30/10)--CO-OP Financial Services announced its confidence in the corporate credit union system in a press release Tuesday after word of the National Credit Union Administration's (NCUA) actions Friday related to corporates. "After many years of partnering with the corporates, we reaffirm our confidence in the corporate system and believe it is still valid and valuable to the movement," said Stan Hollen, president/CEO of CO-OP Financial Services. "CO-OP will continue to pursue an active role in the future of credit union payments, and we will seek partnerships to fulfill that goal with corporate credit unions and the natural-person credit unions that comprise their owner-members," Hollen added. The credit union service organization is "keenly interested in playing a lead role in the transition of bridge corporate payments-related activities to other credit union industry providers," he said. Hollen encouraged CO-OP's client credit unions and others in the industry to visit the website of the Credit Union National Association to keep up to date on the developments related to the corporate credit unions. CO-OP Financial Services' website also has information on its stand. Use the links for more information.
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