CO-OP FINANCIAL SERVICES ADDS DEAN MICHAELS TO LEAD CORPORATE DEVELOPMENT AND STRATEGIC PARTNERSHIPS

by PaymentsJournal 0

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Partnerships Continue Playing Key Role in CO-OP’s Growth, Delivery on Brand Promises

RANCHO CUCAMONGA, Calif. – Capping a year in which CO-OP Financial Services acquired credit-processor TMG to grow its business and better serve credit unions, the company is adding Dean Michaels as Head of Corporate Development and Strategic Partnerships.

“Strategic business partnerships and acquisitions are central to CO-OP delivering on its promise to the industry to quickly deliver seamless, secure and advanced digital solutions,” said Todd Clark, President/CEO of CO-OP, to whom Michaels will report directly. “The acquisition of TMG is a prime example of how we are building CO-OP to be the most comprehensive payments and financial technology provider to credit unions.

“Dean brings extensive corporate development background and expertise in the arena of payments technology and networks,” said Clark. “He will work closely with me and our executive management team to make determinations on partnership development, mergers and acquisitions, and in identifying areas of growth via strategic investment.”

“CO-OP is uniquely positioned to serve the credit union industry due to the breath of its product line, in the service of 60 million members and thousands of individual credit unions,” said Michaels. “Every digital innovator in the market today is looking for the type of scale that CO-OP has. It is our job to find these innovative partners and deliver their solutions seamlessly, positioning our credit unions to win. ”

Prior to joining CO-OP, Michaels held leadership roles at First Data Corporation, including Head of Business Execution for STAR Network and Head of Finance for First Data’s U.S. Merchant Acquiring Business. In addition, Michaels led the development of First Data’s Smart Routing and Network Routing partnership programs, driving new revenue through network routing solutions developed in response to the Federal Reserve Board’s Regulation II governing debit card interchange fees and routing. In previous roles, Michaels led First Data’s merchant-acquiring Small Business Cross-Sales and Retention organizations.

Michaels has also worked for JP Morgan Chase. There, he was responsible for evaluating and improving the effectiveness of consumer banking cross-sales campaigns, including profit and loss responsibility for JP Morgan Chase’s branch and call center cross-sales programs.

Michaels holds an MBA from New York University and a BBA from Adelphi University of Garden City, N.Y.

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

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.