ONTARIO, Calif. – In a deal that will go a long way towards creating a single electronic switch for credit unions, CO-OP Financial Services announced yesterday it has completed the acquisition of CU Service Corp., the shared branching network based in Atlanta. Under the terms of the deal, announced earlier, CO-OP will own 51% of CUSC, which will connect to 1,656 credit union branches across the country, but CO-OP will retain 100% ownership of a smaller shared branch network based in Michigan, Service Centers Corp. CUSC will manage both shared branch networks.
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