CO-OP Financial Services said it has completed its acquisition of Corporate Network eCom LLC from U.S. Central Bridge.
The California CUSO's bid for that part of the conserved corporate was approved by the NCUA in December and includes mobile and online bill pay services now used by about 750,000 credit union members.
Employees of the Lenexa, Kan., operation now work for CO-OP. U.S. Central was placed into conservatorship by the NCUA in March 2009, 10 years after it was created, and the NCUA plans to shut down the ACH and automatic settlement operations by the end of the year.
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.