What does CO-OP Financial Services do?
CO-OP Financial Services helps you leverage the latest technology and trends to strengthen member connections and support growth. We’re inspired by our member credit unions to constantly reinvent the ways we serve the changing needs of the credit union movement.
What do you know about CO-OP Financial Services?
CO-OP Financial Services, formerly known as CO-OP Network and also known as CU Cooperative Systems, Inc., is a company that operates an interbank network connecting the ATMs of credit unions in the United States, with locations also in Canada and certain United States Navy bases overseas.
How many employees does CO-OP Financial have?
1406 employees
CO-OP Financial Services was founded in 1981 and its current CEO is Todd Clark. Since its inception 40 years ago, CO-OP Financial Services has grown to 1406 employees.
Is CO-OP Financial Services a CUSO?
A total of 3,500 member credit unions, 30 million cardholders, nearly 30,000 ATM locations, more than 5,600 shared branch locations and 160 million-plus monthly transactions make CO-OP Financial Services the nation’s largest credit union service organization (CUSO).
How does a co-op work?
A Co-op is a member-owned and member-controlled business that operates for the benefit of its members. Everyone who owns a co-op has a need for the products and services offered. Members democratically decide the direction and operations of the business with one vote each.
What is financial service cooperative?
A financial cooperative (co-op) is a type of financial institution that is owned and operated by its members. These institutions attempt to differentiate themselves by offering above-average services along with competitive rates in the areas of insurance, lending, and investment dealings.
What are examples of financial service cooperatives?
Examples of financial co-ops include Navy Federal Credit Union, Alliant Credit Union and PenFed Credit Union.