Purvis, Porter and Opp Also Elected to Officer Positions

Allan Kemp McMorris, President/CEO of Oakland County Credit Union of Waterford, Michigan, was elected May 9 by the Board of Directors of CO-OP Financial Services to serve as the company’s Board Chairman.

McMorris has served on the Board since 2010, including the past two years as Vice-Chairman/Chairman-Elect. He has been President/CEO of Oakland County Credit Union since 1990. He is formerly Chairman of the National Credit Union Foundation, Chairman of CUNA & Affiliates and Chairman of the Michigan Credit Union League. McMorris holds an M.B.A. from Walsh College, a B.S. from Oakland University, and is a CUNA school graduate.

“I congratulate Allan on his election to Chairman of CO-OP,” said Jeff Napper, President/CEO, LBS Financial CU, Long Beach, California, who served as Chairman the previous two years. “We are confident Allan will provide fine Board leadership for CO-OP, the largest and the very best provider of financial technology products and services for credit unions.”

In addition to McMorris, three other credit union leaders were elected to Officer positions on CO-OP’s Board of Directors: 

• Chuck Purvis, elected Vice-Chairman/Chairman-Elect. Purvis is President/CEO of Coastal FCU of Raleigh, North Carolina, and a 2018 Herb Wegner Award winner for individual achievement.

• Benson Porter, elected Treasurer. Porter is President/CEO of BECU of Tukwila, Washington.

• Joan Opp, elected Secretary. Opp is President/CEO of Stanford FCU of Palo Alto, California.

The Board of Directors of CO-OP Financial Services consists of 11 members. In addition to McMorris, Purvis, Porter, Opp and Napper, the six other members of the Board include Robert Chavez, Sandia Laboratory FCU, Albuquerque, New Mexico; Doug Ferraro, Bellco CU, Greenwood Village, Colorado; Wayne Grosse, Bethpage FCU, Bethpage, New York; Kent Oram, Idaho Central CU, Chubbuck, Idaho; John Radebaugh, Carolinas Credit Union League of Raleigh, North Carolina; and Lisa Schlehuber, Elements Financial FCU, Indianapolis, Indiana.

Grosse, Opp and Oram were reelected to the Board by acclamation at the Annual Meeting of Shareholders, also held May 9.

For more information, visit www.co-opfs.org.  

About CO-OP Financial ServicesCO-OP Financial Services is a payments and financial technology company whose mission is ensuring the success of the credit union movement. CO-OP payments solutions, engagement services and strategic counsel help credit unions optimize member experiences to consistently provide seamless, personalized multi-channel offerings, while delivering secure, sophisticated fraud mitigation service. For more information, visit www.co-opfs.org.

Transaction Network Services, Inc. Alone Donates $130,000 to CMN Hospitals

A total of $191,500 was raised in charitable and philanthropic donations at CO-OP Financial Services’ THINK 18 Conference held May 7-10 in Chandler, Arizona, including $130,000 from Transaction Network Services, Inc.

The $191,500 in donations broke the previous record by a wide margin, surpassing the THINK 14 total of $126,500. Of this $191,500, a total of $186,500 is being donated to Children’s Miracle Network Hospitals, and $5,000 is going to the National Credit Union Foundation.

“The $191,500 donated during THINK 18 is a testimony to the people-helping-people ethic of credit unions,” said Todd Clark, President/CEO of CO-OP Financial Services (www.co-opfs.org), Rancho Cucamonga, California. “It’s not just a slogan; people in this industry really are committed to the well-being of others.”

“TNS is focused on supporting organizations that help provide a brighter future for children,” said Mike Keegan, Chief Executive Officer of TNS (www.tnsi.com), Reston, Virginia. “We initially became involved with CMN Hospitals after seeing the passion of CO-OP and its credit union members for this important cause. We look forward to continuing our support of CMN Hospitals.”

A tradition of the THINK conferences, the 2018 meeting included charitable and philanthropic contributions stemming from four additional sources beyond TNS’ substantial donation to CMN Hospitals:

• $10,000 through #ShadesUpforKids. A CO-OP initiative, the company donated $10 to CMN Hospitals and the National Credit Union Foundation for every time someone took a selfie with their airplane window shade raised, and then posted to one of their social media accounts. A total of $5,000 each goes to CMN Hospitals and NCUF.
• $3,000 through entry fees to conference golf tournaments held on May 7 and May 11
• $18,500 from CO-OP Financial Services as a result of respondents taking a Debit card survey, the results of which were reported during the course of THINK 18.
• $30,000 raised by CO-OP Shared Branch locations in Michigan and the Washington, D.C. area, through candy bar sales leading up to the conference. 

This THINK 18 charitable giving record coincided with observances during the final session of THINK 18, which marked the tenth anniversary of the CO-OP Miracle Match program. Through this program, CO-OP donates $1 million annually on behalf of its client credit unions to support Credit Unions for Kids fundraisers.

For more information about CO-OP Miracle Match and CO-OP Purpose corporate social responsibility programs, visit https://www.co-opfs.org/CO-OP-Purpose.  

About CO-OP Financial Services
CO-OP Financial Services is a payments and financial technology company whose mission is ensuring the success of the credit union movement. CO-OP payments solutions, engagement services and strategic counsel help credit unions optimize member experiences to consistently provide seamless, personalized multi-channel offerings, while delivering secure, sophisticated fraud mitigation service. For more information, visit www.co-opfs.org.