Credit Union Veteran Carroll Beach Announces Retirement

Contact: Bill Prichard
Public Relations Manager
CO-OP Financial Services
800.782.9042, ext. 3450

RANCHO CUCAMONGA, Calif., (October 4, 2010)  – Carroll Beach, a long-time executive in the credit union movement, announces his retirement to pursue other levels of  personal and professional interests.

Beach is currently President/COO of CO-OP Shared Branching (formerly known as CUSC), a subsidiary of CO-OP Financial Services, where he will remain until his retirement on January 31, 2011. Beach was previously President/CEO of CUSC prior to assuming his responsibilities with CO-OP.  Beach began his professional career in credit unions as the President/CEO of the Colorado Credit Union System.  For his 30 year tenure, he was responsible for the executive leadership of the Colorado Credit Union League, its subsidiaries and related organizations.

“CO-OP Shared Branching has been fortunate to have Carroll’s experience and knowledge as part of our team,” said Bill Raker, CO-OP Shared Branching Board Chairman. “He has played a pivotal role in leading the corporation to success with his steadfast devotion, progressive perspective and enthusiastic commitment to the betterment of the financial health of credit union members.”

“Carroll’s leadership has undoubtedly left lasting contributions to shared branching, to CO-OP and to the movement,” said Stan Hollen, President/CEO, CO-OP Financial Services. “Carroll was instrumental in the combination between CO-OP and CUSC in 2007, allowing credit unions to offer unprecedented access and convenience to their members. His vision has enabled credit unions to plug into one technologically advanced, streamlined hub, making a variety of payment channels easily available to members now and in the future.”

Throughout his career, Beach has served on a variety of boards, such as with CUNA, Credit Union House LLC, U.S. Central CU, Credit Union Service Corporation and the Association of American Credit Union Leagues (AACUL).  He has also been a member of various committees, including with AACUL, from which he received the Eagle Award, which is the highest award given by the organization to one of its members.

Beach is also a recipient of the Herb Wegner Lifetime Achievement Award, the most recognized award given in the credit union industry.

“I have been privileged to witness both shared branching and the movement as a whole expand and grow into a system that stays true to the credit union philosophy,” said Beach. “The technological innovations that have evolved over time have changed the way people take care of their financial business. I am proud to have been part of an industry where organizations work together to help members succeed financially.”


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, 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 and 160 million-plus monthly transactions, CO-OP Financial Services is the nation’s largest credit union service organization, offering the tools, counsel and leadership to help credit unions prosper. To learn more, visit Follow CO-OP on Twitter at: and keep up with industry issues via the CO-OP Insight Vault blog at:

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