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CU System
CO-OP selects Catalyst Corporate for payment settlement services
RANCHO CUCAMONGA, Calif. (3/8/12)--CO-OP Financial Services has selected Catalyst Corporate FCU, Plano, Texas, to continue to provide payment services for CO-OP's client credit unions.

CO-OP Financial Services, which provides ATM network and payments services for credit unions nationwide, previously used payment services from Western Bridge Corporate FCU.

Catalyst Corporate began providing those services after it acquired the assets of Western Bridge Corporate in December from the National Credit Union Administration (NCUA), which held the assets in receivership.

CO-OP Financial Services President/CEO Stan Hollen said the move reflects CO-OP's support for corporate credit unions and their "key role" in the future of the credit union movement.

Catalyst's settlement services include check clearing and automated clearinghouse, electronic funds transfers and ATM transactions. Catalyst also markets CO-OP's network access and other services.


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