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CO-OP completes eCom acquisition
RANCHO CUCAMONGA, Calif. (2/7/12)--CO-OP Financial Services has completed the acquisition of the assets of Corporate Network eCom, including its online and mobile bill pay services.

On Dec. 15, 2011, CO-OP Financial Services announced that it had received National Credit Union Administration (NCUA) approval to purchase the assets of eCom, a subsidiary of U.S. Central corporate credit union. At the time, CO-OP said it expected the purchase to close within 90 days.

CO-OP Financial Services was selected by the NCUA after a bidding process, required as U.S. Central Corporate CU was placed into conservatorship in March 2009.

All eCom employees will become employees of CO-OP Financial Services and continue to service eCom online and mobile bill pay clients. eCom, located in Lenexa, Kan., was founded in 1999. More than 750,000 credit union members use its electronic bill payment solutions.


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