The votes are in!
The League is pleased to announce that Co-op Shareholders overwhelmingly voted in favor of the resolution authorizing the combination of Co-op Solutions and PSCU.
“Throughout the process stakeholder feedback received on the proposed combination was almost universally positive, and it was gratifying to see that confirmed by shareholder vote. The Board of Directors and the Executive Management Team of Co-op feel strongly that the new combined entity is better positioned to help credit unions grow and be successful, according to Co-op President & CEO Dean Michaels”.
The vision of the new organization is to be the premier partner for our clients, with unparalleled service and solutions that will support you in creating sustainable growth and a future focused on member experience.
The shareholders of PSCU clearly agree, as they too overwhelmingly approved the resolution during their voting period, which has closed as well.
Once completed, the full integration of the companies will begin. The collective goal is to be thoughtful in the process, in part because of the complexities of the businesses and to minimize solution and service disruptions for our clients. Co-op assured their clients that their focus remains clear. Emphasizing that they’re committed to continuously improving their solutions and services for credit unions, ensuring that they seamlessly combine organizations keeping their clients at the center of all they do.
Co-op thanks their shareholders for their vote in favor of the combination, and all their clients for their business. Co-op will continue to keep their clients apprised of the progress on this transaction.
