CapEd Credit Union Finds Modern Digital Payments Platform from a Consultative Source in Co-op Solutions


Five Major New Services from Co-op’s Fintech Ecosystem Added to Renewed Partnership

RANCHO CUCAMONGA, California – Based on a modern digital payments platform and a consultative approach to the member experience, CapEd Credit Union is expanding its partnership with Co-op Solutions to include a range of services within Co-op’s fintech ecosystem.

CapEd renewed its participation in the nationwide Co-op ATM network as well as the Co-op Bill Pay service for paying bills on-line and via mobile device. To these services, CapEd has added Debit and Full-Service Credit transaction processing, ATM Terminal Driving, the Co-op Contact Center and the new Co-op Pay debit point-of-sale network.

“We had been looking for a new card processor, and we did a very thorough industry search,” said Todd Erickson, President/CEO of CapEd. “We wanted to enhance our ability to grow and serve our members with the modern digital payment services a card processor like Co-op can offer. We did have a partnership with Co-op already. Ultimately, we chose Co-op as the best fit for CapEd, based on what they can offer, and their very strategic and consultative approach to helping us implement the different card services we needed.”

“We definitely needed a more operationally efficient model to work with – better systems and better connectivity,” added Trudi Mayes, Chief Deposit Officer. “From the cardholder experience side, Co-op has all the things we are looking to offer our members, including card controls and alerts, digital issuance and fraud mitigation tools. Co-op is also very consultative, which is critical because close partnering is needed in managing fraud. There is a balance between not interrupting the cardholder’s experience, while also introducing the protections needed to stop the fraudsters. Co-op has a great fraud system to help us.”

Based in Meridian, Idaho, about 12 miles west of Boise, CapEd was originally founded in 1936 and today has $1.4 billion in assets and about 100,000 members. Known as CapEd since 2008, the company has a legacy of supporting teachers and education, empowering individuals financially and enriching its community.

“We are always looking at ways to make our cards top of wallet,” said Mayes. “Co-op has some reporting systems that can help us identify great marketing opportunities. We’re really growing our credit card portfolio on the consumer side, but more so even on our business/commercial side. So we are looking at tools that will best fit our growing business portfolio, and making more tools available to our business members to encourage them to use our credit cards.”

“Improving the member experience was one of the biggest drivers to making a card processor move,” added Erickson. “Co-op is very focused on member experience. We look forward to a long-term partnership that’s not just about specific transactions but a broader and holistic strategic partnership within the payments space and card processing.”

Co-op Full-Service Credit is a fully-hosted and managed payments program that is customized to credit union needs. Co-op Debit includes the most comprehensive array of member loyalty, security and efficiency benefits available to credit unions. Co-op ATM Terminal Driving provides fleet management to help reduce costs, improve operational efficiency and engage users. Co-op Pay Network can serve as an unaffiliated debit point-of-sale network while maximizing non-interest income. Co-op Contact Center helps credit unions meet member expectations for 24/7, always-on service with personalized agent and self-service solutions.

“We are proud to be partnering with CapEd and working to exceed their expectations in terms of both operational efficiencies and member experience,” said Matt Kardell, Chief Revenue Officer for Co-op. “We know that our mutual commitment to the credit union philosophy and values played an additional strong role in their selection process, and we look forward to continuing to grow together.”

For more information on the Co-op ecosystem of financial technology products and services, visit

About Co-op Solutions

Co-op Solutions is the market-leading financial technology platform whose mission is to connect credit unions to the technology, strategic partnership and scale they need to best serve their members now and into the future. Co-op partners with credit unions to unlock their potential so they can compete; does the hard work of innovation, creating a one-stop opportunity to help credit unions grow; and offers knowledge and expertise in a world where everything must be integrated. For more information, visit


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