CO-OP Financial Services Press Archives

Preparing for an unusual holiday shopping season

RANCHO CUCAMONGA, CA (November 12, 2020) — Despite a resurgence of COVID-19 cases and uncertainty around the arrival of a government stimulus package, credit union member spending remained strong in October. Transaction volume and dollar amounts were up across both CO-OP’s Credit and Debit ...

Members pivot to credit as economic pressures increase

RANCHO CUCAMONGA, CA (October 12, 2020) — As the pandemic recession continues, consumers are shifting their purchasing behaviors from debit to credit. September transaction data across the CO-OP Credit and Debit portfolios shows that credit purchase activity is picking up after months of depressed volume, ...

Payment trends stabilize before uncertain autumn

RANCHO CUCAMONGA, CA (September 15, 2020) — The waning days of summer saw a continuation of the credit and debit trends of recent months. Shifts in consumer behavior were comparatively modest between July and August, as consumers solidified their purchasing routines for the post-COVID “new ...

Rudy Pereira of Premier America CU elected to CO-OP Board of Directors

RANCHO CUCAMONGA, CA (August 24, 2020) — Rudy Pereira, President/CEO of Premier America Credit Union of Chatsworth, California, has joined the Board of Directors of CO-OP Financial Services, elected to a three-year term during the company’s Annual Meeting of Shareholders held August 18. ...