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CU System
CO-OP Financial Services elects board notes successes
RANCHO CUCAMONGA, Calif. (5/4/09)--The shareholders of CO-OP Financial Services voted to re-elect board members and also noted successes at its Annual Shareholders’ Meeting April 4. Newly re-elected to serve second terms were:
* Rick Craig, president/CEO, America First FCU, Riverdale, Utah; * Terry Laudick, president/CEO, New Mexico Educators FCU, Albuquerque, N.M.; and * Patsy Van Ouwerkerk, president/CEO, Travis CU, Vacaville, Calif.
Board members who are continuing their terms:
* Douglas Allman, president/CEO, NASA FCU, Bowie, Md.; * Dianne Addington, president/CEO, Genisys CU, Auburn Hills, Mich.; * David Maus, president/CEO, Public Service CU, Denver; * Gary Oakland, president/CEO, BECU, Seattle; * J. David Osborn, president/CEO, Anheuser-Busch Employees CU, St. Louis; * Bucky Sebastian, president/CEO, GTE FCU, Tampa, Fla.; and * Gary Wolter, president/CEO, Alabama Credit Union League.
The board elected to keep its table officers unchanged. They are:
* Osborn, chairman; * Allman, vice chairman/chairman-elect; * Laudick, treasurer; and * Addington, secretary.
Osborn provided highlights of CO-OP’s successes. In 2008, CO-OP:
* Announced a record patronage distribution for the year, paying shareholders $10.8 million in cash distributions; * Grew to nearly 3,000 participating member credit unions and 26 million cardholders; * Completed more than $1.7 billion in transactions; * Mentioned surcharge-free ATM transactions reached an all-time high on Dec. 24, when transaction volume totaled 6.7 million; and * Continued as the largest credit union-owned and operated electronic funds network and processor in the country.


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