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CO-OP, El Circuito Cooperativo Inc. Extend Shared Branching In Puerto Rico

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RANCHO CUCAMONGA, Calif. (11/6/13)--CO-OP Financial Services announced Tuesday it will extend its partnership with El Circuito Cooperativo Inc., the company's Puerto Rican shared branching business partner.
Twenty-two credit unions and 59 branches participate in El Circuito Cooperativo Inc.
El Circuito Cooperativo Inc. signed a marketing agreement in October 2009 with Financial Service Centers Cooperative Inc. (FSCC) prior to FSCC's merger with CO-OP Financial Services in December 2011. The new agreement extends the relationship of the two companies to marketing, selling and servicing the CO-OP Shared Branching network throughout Puerto Rico.
"El Circuito has been an outstanding partner in our mutual goal of ensuring that credit union members in Puerto Rico have the same convenient access to branch services as the largest financial institution," said Sarah Canepa Bang, FSCC president/CEO and CO-OP Shared Branching chief strategy officer. "We look forward to not only extending the reach of shared branching in the Commonwealth, but working with El Circuito to help our clients transform their branches so they remain centers of useful services and revenue well into the future."
CO-OP Shared Branching enables members of participating credit unions to enter a branch of any other participating credit union and conduct their business as if they were in their home branch. The network includes 5,000 "live teller" branches in the U.S., as well as 2,000 self-service location.
"This new agreement allows us to work even more closely with CO-OP Shared Branching and provide a greater range of services to our clients," said Kerwin A. Morales Rivera, El Circuito Cooperativo Inc. president. "As the world's leading shared branch network, CO-OP Shared Branching is the right partner to help us advance the credit union movement in Puerto Rico."

Calif./Nevada Leagues Name TMG 'Supplier Of Year'

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DES MOINES, Iowa (11/6/13)--The California and Nevada Credit Union Leagues named Des Moines, Iowa-based payments processor The Members Group as its Supplier of the Year for supporting the leagues' credit union advocacy efforts.
Click to view larger image Des-Moines, Iowa-based payments processor The Members Group has been named the California and Nevada Credit Union Leagues' Supplier of the Year. From left, Bob Arnould, leagues senior vice president of advocacy; Chris Gunnare, TMG vice president of growth; Diana Dykstra, leagues president/CEO;  Brian Scott, TMG vice president of sales; Lesley Hastings, TMG director of new client partnerships; and Dan Lozier, TMG director of new client partnerships. (Photo provided by The Members Group)
TMG was chosen from more than 50 vendor partners who support credit unions in the two states.
TMG provides payment solutions, including credit, debit, ATM, prepaid and digital wallet, to community financial institutions, many of which are credit unions.
In advance of the leagues' annual meeting and convention, TMG leadership asked what the company could do to lend support creatively. The solution was for TMG to act as the sole financial sponsor of the annual meeting's Political Action Committee (PAC) Contributors Reception.
"Creating successful partnerships is a cornerstone of TMG's mission," said Shazia Manus. "Opportunities to team up with other leading credit union organizations to advance our industry are something for which we are grateful."
TMG is a regular contributor to many local fundraisers conducted by credit unions in these states and across the country.
The leagues' advocacy effort, led by a nine-person team, brings the voice of credit unions to federal and state regulators. With Congress focused on comprehensive tax reform, advocacy is a high priority credit unions nationwide, said TMG.
"Each of us at TMG understands the important role credit unions play in the lives of millions," said Chris Gunnare, TMG senior vice president of growth. "The sustainability of the movement depends on strong advocacy and involvement from every corner of the industry. We're proud to help amplify the voices of many who depend on credit unions for a healthy financial future."