RANCHO CUCAMONGA, Calif. (1/25/12)--CO-OP Financial Services and Financial Service Centers Cooperative (FSCC) have finalized their merger, initially announced in September, the companies said Tuesday.
"It is very gratifying to note that with the conclusion of our agreement, all the major pieces of the credit union movement's decades-old shared branching initiative have been brought together," said Stan Hollen, president/chief operating officer of FSCC and chief strategy officer of CO-OP Shared Branching. "Now under the CO-OP Shared Branching business line are FSCC and the operations of Service Centers Corp. and Credit Union Service Corp.
Sarah Canepa Bang, who previously served as CEO of FSCC, will continue as president and chief operating officer of FSCC and chief strategy officer of CO-OP Shared Branching, the company said. Craig Beach will serve as president/chief operating officer of CO-OP subsidiary Credit Union Service Corp.
More than 1,700 credit unions nationwide participate in shared branching, making more than 4,400 physical branch locations available to their members, plus 2,200 Vcom kiosk locations at 7-Eleven stores.