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Ongoing Operations company logo
Corporation
COMPUTER HARDWARE & SERVICES | IT Services / Networking
ongoingoperations.com

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Partners & Customers

1

About Ongoing Operations

Ongoing Operations delivers thought leadership, resources, and solutions helping Credit Union executives and IT leaders align technology with business strategy, maximize IT investment, and improve operational performance.

Ongoing Operations Headquarter Location

18450 Showalter Dr.

Hagerstown, Maryland, 21742,

United States

877-552-7892

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Ongoing Operations Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Ongoing Operations Rank

Research containing Ongoing Operations

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Ongoing Operations in 1 CB Insights research brief, most recently on Jun 9, 2021.

Latest Ongoing Operations News

DoubleCheck Appoints Fintech Executive Kirk Drake to Board of Directors

Sep 22, 2021

CEO of Ongoing Operations, Founder of Credit Union 2.0 brings extensive industry and technical expertise to advance DoubleCheck’s overdraft solutions DoubleCheck Solutions , a financial technology company addressing outdated overdraft and non-sufficient fund (NSF) practices with practical software solutions, announced the appointment of Kirk Drake, CEO of Ongoing Operations and President and Founder of Credit Union 2.0, to its Board of Directors. Drake is a lifelong entrepreneur, author of “CU 2.0: A Guide for Credit Unions Competing in the Digital Age” and founder of Credit Union 2.0. He is an active executive focused on connecting the innovation of fintech with the mission of credit unions. He has built eight successful businesses, notably the Credit Union Service Organization (CUSO) Ongoing Operations, CU Wallet – a mobile wallet venture and Credit Union 2.0. He also serves on the National Association of Credit Union Services Organizations (NACUSO) Board of Directors. “Kirk’s extensive leadership and vision in fintech will be a tremendous addition to our Board,” said  Bill Amelio , Executive Chairman and Co-CEO of DoubleCheck Solutions. “This is a crucial time for the overdraft marketplace. Kirk’s strategic guidance in transforming the credit union industry through leveraging the latest technologies will be invaluable as we continue to offer a proven solution to overcome outdated overdraft and NSF practices.” At a time when Americans are pressured from the economic recovery, DoubleCheck’s overdraft and NSF solutions equip customers with notifications, so they are informed about NSF transactions and given extra time to act in advance. They can proactively correct the situation before any payments are declined. Through DoubleCheck’s cloud-based solution, members are given a grace period during which time they can add funds to their account and also choose to cover overdraft and NSF transactions with cash, credit card or a third-party payment service. This ensures priority payments chosen by customers, like rent, mortgage and utilities are made first. “DoubleCheck has created a unique solution that gives consumers the transparency, control and protection they need when faced with insufficient funds. In turn, it provides financial institutions with a way to deliver a customer-centric revenue-generating service that also protects them,” said  Kirk Drake , President and CEO of Ongoing Operations. “I chose to join the Board of Directors at DoubleCheck because they have built one of the most innovative products I’ve seen, and I am impressed by the company’s clear understanding of the market and services that are needed. I’m excited to become part of this innovative team.”

Ongoing Operations Acquisitions

1 Acquisition

Ongoing Operations acquired 1 company. Their latest acquisition was Teneros on December 20, 2010.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/20/2010

Series E

$92.5M

Acquired

1

Date

12/20/2010

Investment Stage

Series E

Companies

Valuation

Total Funding

$92.5M

Note

Acquired

Sources

1

Ongoing Operations Partners & Customers

1 Partners and customers

Ongoing Operations has 1 strategic partners and customers. Ongoing Operations recently partnered with Adlumin on June 6, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

6/29/2021

Licensor

Adlumin

United States

Ongoing Operations & Adlumin partner to provide 24 / 7 / 365 cybersecurity for Credit Unions

The partnership demonstrates the confidence that Adlumin , Inc. has in Ongoing Operations and their ability to support our joint customers with their technical acumen and focus on customer success , '' says Jim Adams , Vice President WW Sales at Adlumin , Inc. .

1

Date

6/29/2021

Type

Licensor

Business Partner

Adlumin

Country

United States

News Snippet

Ongoing Operations & Adlumin partner to provide 24 / 7 / 365 cybersecurity for Credit Unions

The partnership demonstrates the confidence that Adlumin , Inc. has in Ongoing Operations and their ability to support our joint customers with their technical acumen and focus on customer success , '' says Jim Adams , Vice President WW Sales at Adlumin , Inc. .

Sources

1

Ongoing Operations Team

3 Team Members

Ongoing Operations has 3 team members, including current Chief Financial Officer, Bill Wells CPA.

Name

Work History

Title

Status

Bill Wells CPA

Chief Financial Officer

Current

Jonathan Derby

Chief Information Officer

Current

Karl Cherry

Fiserv, BNY Mellon, Vantiv, and CheckAlt

Executive Vice President

Current

Name

Bill Wells CPA

Jonathan Derby

Karl Cherry

Work History

Fiserv, BNY Mellon, Vantiv, and CheckAlt

Title

Chief Financial Officer

Chief Information Officer

Executive Vice President

Status

Current

Current

Current

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