News

Co-op, CU Resources broaden their relationship

August 7, 2013

CU Resources, a provider of business solutions for credit unions, has renewed its agreement to offer Co-op products. Additionally, the company has agreed to represent Co-op Debit for signature and PIN debit transaction processing, as well as Co-op Credit for pass-through credit card transaction processing.

"Co-op has added a wide range of new products in recent years that are of value to our credit unions," said Bob Gallman, EVP and COO of CU Resources Inc. "Co-op products definitely meet the standard of our tag line 'Your Business, Our Focus, Expert Solutions.' After many years of association, we know with Co-op as a partner we are in the best position to do that."

CU Resources, a wholly-owned subsidiary of the Cornerstone Credit Union League, and Co-op, the nation's largest CUSO, have partnered on Co-op Shared Branching since 2004. The two companies work together to offer several other programs, as well:

• Co-op Network, a national network of surcharge-free ATMs for members of participating credit unions;
• Co-op Member Center, for lending and member call center support;
• Co-op Mobile, for banking by mobile device; 
• Sprig by Co-op, a multi-institutional "virtual credit union branch" available with no implementation fee to Co-op Shared Branching participants; and
• Co-op My Deposit Mobile, for remote check deposit. 

"CU Resources is a great partner in our mutual goal of helping credit unions be the most convenient institutions in financial services today," said Stan Hollen, president and CEO of Co-op. "Their endorsement of Co-op Debit, Credit and Sprig by Co-op is a significant development in our ability to make these products available to the market."

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