CO-OP's Rose To Retire

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ONTARIO, Calif. - (11/03/04) -- Robert Rose, who built the CO-OPNetwork into the largest credit union-owned electronic fundstransfer network, has set his retirement for June 2005, the companyannounced Tuesday. Rose took over as president and CEO of thenetwork in 1990 when there were more than two dozen small regionalnetworks serving credit unions. Under Rose, the CO-OP has created anationwide footprint, absorbing seven smaller credit union networkssince 2000 to become the largest credit union-owned network,serving 1,800 credit unions in all 50 states. The only othersurviving credit union network is Credit Union 24, based inTallahassee, Fla. The CO-OP said its board of directors has hiredNew York-based executive search firm, Muller and Associates, tofind a successor to Rose.

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