PSCU and Co-op Solutions Close Deal to Combine
Combination creates leading fintech solutions provider for credit unions
St. Petersburg, Fla. — PSCU and Co-op Solutions (“Co-op”), two leading credit union service organizations (CUSOs) and financial technology solutions providers, today announced they have closed their deal to combine. The combination agreement met all customary closing conditions and was overwhelmingly approved by Owners and shareholders of both CUSOs.
Starting today, 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, Florida. Charles E. (“Chuck”) Fagan, previously PSCU’s president and CEO, will serve as CEO of the new combined organization. A new b...