CO-OP Financial Services has won the bidding for the online and mobile bill payment business from U.S. Central Bridge, the NCUA said.
All employees of the corporate's Corporate Network eCom subsidiary will become employees of CO-OP Financial Services and continue serving the same clients, the big CUSO said, and the NCUA said the sale will facilitate the final resolution of the fate of the former U.S. Central Corporate Credit Union.
"Today's action is another important step toward the goal of winding down U.S. Central Bridge," NCUA Board Chairman Debbie Matz said Thursday.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
