Products & Services News (08-14-13)


The Pulse (08-14-13)

Aug. 14, 2013 ● Volume 02, Issue 32

View 08-14-13 issue of The Pulse

CO-OP Financial Services expands products through partnership

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.

For more information about CO-OP Financial Services and CO-OP Shared Branching contact MnCUN Vice President — Network Service Corporation John Ferstl by email or call (651) 288-5505.



Minnesota Credit Union Network
555 Wabasha Street N, Suite 200
St. Paul, MN 55102

(651) 288-5170
(800) 477-1034