ATLANTA — The stage is set for the Credit Union Service Center Corporation, the shared branch network which has built its business by working closely with credit union leagues, to become an affiliate of CO-OP Financial Services on or around June 1.
CO-OP Financial Services is the parent company of the CO-OP ATM and EFT network. It is also the parent of Service Center Corporation shared branch network.
The member credit unions of CUSC voted to approve the network's pending merger with CO-OP Financial Services. The new organization, which CUSC did not name in its announcement of the winning ballot, will be an affiliate of CO-OP, which according to the announcement of a letter of intent in February, will own a majority of CUSC stock. The new organization will retain Carroll Beach, current CEO and president of CUSC as chief operating officer, CUSC said.
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