CO-OP Financial Services Joins Other Industry Leaders as an Investor in the Ongoing Operations CUSO

Hagerstown, MD – April 26, 2010 – Ongoing Operations is the leading business continuity CUSO and serves over 100 credit unions nationwide, protecting 19% of industry assets and more than 4.6 million members from service disruptions. CO-OP Financial Services joins twenty-one other credit union and CUSO owners committed to ensuring that credit unions across the country can maintain operations and continue serving their members, despite crisis or disaster situations.

“We are pleased to welcome CO-OP Financial Services as our latest investor,” said Kirk Drake, President of Ongoing Operations. “Credit unions are increasingly focusing on business continuity as a vital business process. Bringing together leading CUSOs that play a key role in servicing members will help us build stronger solutions for the entire industry.”

“CO-OP is always searching for opportunities to collaborate for the benefit of our credit union clients. Ongoing Operations has proven to be the type of partner credit unions can rely on in the event of a disaster and provides key resources needed by our industry,” said Stan Hollen, President/CEO of CO-OP Financial Services. “We look forward to working with Ongoing Operations and supporting their mission to help credit unions plan, prepare and protect.”

About CO-OP Financial Services

Based in Rancho Cucamonga, Calif., CO-OP Financial Services is the industry leader in access and convenience products for credit unions. Nearing 30 years of credit union service, CO-OP connects credit union members to their accounts through network services, payment processing, e-commerce solutions, CO-OP Shared Branching and call center services. With a total of 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,000 shared branch locations, plus 160 million-plus monthly transactions, CO-OP Financial Services is the nation’s largest credit union service organization, offering the tools, knowledge and leadership to help credit unions prosper. Follow CO-OP on Twitter at: and keep up with industry issues via the CO-OP Insight Vault blog at:

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About Ongoing Operations, LLC

Ongoing Operations, LLC is a multi-owned CUSO and the leading provider of Business Continuity & Disaster Recovery Solutions to over 125 clients nationwide. Beyond just backing up credit unions’ key systems, Ongoing Operations takes a holistic approach to business continuity to ensure that all of your systems and member communication channels stay up and running – no matter what.

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