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.
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