M&A Deal Summary

CO-OP Financial Services Acquires The Members Group

On April 3, 2017, CO-OP Financial Services acquired information technology company The Members Group

Acquisition Highlights
  • This is CO-OP Financial Services’ 1st transaction in the Information Technology sector.
  • This is CO-OP Financial Services’ 1st transaction in the United States.
  • This is CO-OP Financial Services’ 1st transaction in Iowa.

M&A Deal Summary
Date 2017-04-03
Target The Members Group
Sector Information Technology
Buyer(s) CO-OP Financial Services
Deal Type Add-on Acquisition

Target

The Members Group

Des Moines, Iowa, United States
The Members Group LLC (TMG) is a provider of customized, technology-driven card processing and payment solutions for credit unions and community-based financial institutions across North America. The Members Group is based in Des Moines, Iowa.

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Buyer(S) 1

Buyer

CO-OP Financial Services

Rancho Cucamonga, California, United States
Category Company
Sector Information Technology
DESCRIPTION

CO-OP Financial Services is a payments and financial technology company whose mission is ensuring the success of the credit union movement by serving 3,500 credit unions and 60 million members. 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.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Mergr

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