ONTARIO, Calif. – Financial Service Centers Cooperative, a shared branch network acquired by CO-OP Financial Services, said it is paying its 1,200 credit union shareholders a liquidating payout of $14.1 million.
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The payout includes all revolving fund balances, 2011 patronage and common stock (based on FSCC book value).
The shared branch network, now known as FSCC, LLC, and is part of CO-OP Shared Branching, one of five CO-OP business lines. FSCC is a network of 4,400 shared branches nationally and 2,200 Vcom kiosk locations at 7-Eleven stores.
