Co-op and PSCU create leading fintech for credit unions

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Co-op Solutions and PSCU have announced that they have closed the deal to combine their two organizations. Per their news release, the combination agreement was overwhelmingly approved by owners and shareholders of both CUSOs. 

Beginning immediately, PSCU and Co-op will begin operational integration under a holding company led by a combined executive leadership team and previously announced board of managers (formerly known as board of directors), with headquarters in St. Petersburg, Fla.

Chuck Fagan, previously PSCU’s president and CEO, will serve as CEO of the combined organization. A new brand for the combined organization, which will be known as PSCU/Co-op Solutions in the interim, will be announced in the coming months. 

“Today marks the start of an exciting journey as we bring together two teams with similar values and cultures, both built on the foundation of the ‘people helping people’ credit union philosophy, to begin working collaboratively as associates of our new combined company,” said Fagan. "The future is bright for our combined company, and we look forward to what’s ahead.”  

Co-op Solutions is an endorsed business partner of Cornerstone Resources, Inc., a wholly owned subsidiary of Cornerstone League.