HAGERSTOWN, Md. – CO-OP Financial Services has invested in credit union-owned Ongoing Operations, a disaster recovery CUSO that serves more than 100 credit unions.
CO-OP, the California-based owner of the CO-OP ATM network, will join 19 credit union investors in the CUSO.
The amount of the investment was not disclosed.
Los Angeles-based Lendistry recently received a $100 million credit facility from East West Bank to support loans to airport concession operators.
Florida, Georgia, Texas and Arizona are all states where U.S. Bank, which operates mainly in the Midwest and the West, sees growth opportunities.
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The robots, which have the dexterity of a human arm and can open envelopes, remove staples, and scan documents, are being used in its Chicago lockbox and will eventually be deployed in its six other lockbox locations across the U.S.
The crypto company made the acquisition to expand its institutional platform after it received approval from the OCC for a national trust bank charter.
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