December 07, 2016 2:00 PM ET

IT Services

Company Overview of CU Cooperative Systems, Inc.

Company Overview

CU Cooperative Systems, Inc., doing business as CO-OP Financial Services, provides access and convenience products and services for credit unions in the United States. The company operates convenient access locations that offer various services, including network services, such as a marketing portal/ATM signage program, locator services, network connections, and PIN POS services; ATM services, including ATM processing, managed services, and reporting; shared branching services, such as a marketing portal, locator services, a member contact center, a virtual branch, network operations, and a CIMple teller services; call center solutions, such as member services, lending services, and mortgage...

9692 Haven Avenue

Rancho Cucamonga, CA 91730

United States

Founded in 1981

Phone:

909-948-2500

Fax:

909-941-0979

Key Executives for CU Cooperative Systems, Inc.

Chief Executive Officer and President
Chief Financial Officer and Executive Vice President
Senior Vice President of Network Operations
Executive Vice President of Business Development
Executive Vice President of Customer Care & Financial Solutions
Compensation as of Fiscal Year 2016.

CU Cooperative Systems, Inc. Key Developments

Co-Op Financial Services and Early Warning Announce Strategic Partnership

CO-OP Financial Services announced a strategic partnership with Early Warning to offer credit unions access to the Zelle Network. Early Warning’s Zelle Network will enable members of participating credit unions to send money to anyone with a U.S. bank or credit union account. The CO-OP partnership with Early Warning will enable participating credit unions to implement Zelle capabilities in late 2017. By offering access to Zelle, credit union members will gain the ability to send and receive faster P2P payments from the convenience of their mobile phones or online banking platform. Credit union members will also gain the ability to make payments using only the recipient’s email address or mobile number, which limits the sharing of sensitive bank account details like routing numbers.

CO-OP Financial Services Announces Executive Changes

CO-OP Financial Services announced that First Data's Todd Clark will become the new president/CEO of company. Clark is SVP/head of STAR Network and Debit Processing at First Data Corporation. He will replace outgoing president/CEO Stan Hollen, who announced in January that he would retire at the end of May. Clark's first day as CO-OP president/CEO will be June 27. Hollen will remain in his current capacity as president/CEO until then. At First Data, Clark had full profit-and-loss responsibility for the EFT Group and led a team of more than 600 people, according to CO-OP. Prior to First Data, Clark was an executive with Cardtronics, Inc.; he also worked at First Data from 1991 to 2012. Retiring President/CEO Stan Hollen leaves behind a career that spanned more than 45 years. Prior to joining CO-OP, Hollen was vice president for the $5.1 billion CEFCU in Peoria, Ill.; president/CEO of Liberty Enterprises, Inc. in Mounds View, Minn.; and president/CEO for the $9.5 billion The Golden 1 Credit Union in Sacramento, Calif.

CO-OP Financial Services Announces Executive Changes

CO-OP Financial Services appointed as Jeff Napper, President/CEO of LBS Financial CU of Westminster, California, has been elected by the Board of Directors of CO-OP Financial Services to serve as the company's Board Chairman. Napper has served as a director on the CO-OP Board since 2010. He has been President/CEO since 2002 of LBS Financial CU. Napper's oversight work with CO-OP began in 1997 when he became a member of the Audit Committee. In addition to Napper, three other credit union leaders were elected to Officer positions on CO-OP's Board of Directors: Allan McMorris, elected Vice-Chairman/Chairman-Elect. McMorris is President/CEO of Oakland County CU of Waterford, Michigan. Chuck Purvis, elected Treasurer. Purvis is President/CEO of Coastal FCU of Raleigh, North Carolina. Benson Porter, elected Secretary. Porter is President/CEO of BECU of Tukwila, Washington.

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