FSCC Member CUs Approve Merger Into CO-OP – Credit Union Times

Shareholding credit unions of the Financial Service Centers Co-Operative shared branch and payments network have approved a proposal to merge their network with CO-OP Financial Services.This means that...

Shareholding credit unions of the Financial Service Centers Co-Operative shared branch and payments network have approved a proposal to merge their network with CO-OP Financial Services.

This means that when the merger closes in 2012 there will be only one shared branch network serving credit unions across the U.S.

“We are very happy our shareholders so clearly see the benefits of combining with CO-OP Financial Services, which not only advances shareholder value but the vision of FSCC to have every branch of every credit union an outlet,” said Sarah Canepa Bang, president/CEO of FSCC in San Dimas, Calif.

“This is a milestone day in our work to blend the strengths of both companies, creating a more tightly integrated shared branching network,” said Stan Hollen, president/CEO of CO-OP in Rancho Cucamonga, Calif.

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