Cincinnati, OH – August 26, 2026 – Cooperative Business Services (CBS), a Credit Union Service Organization specializing in commercial lending solutions, is pleased to announce the appointment of Lorain Cooper as its new interim CEO, effective immediately. Lorain has been an integral part of the CBS team over the past 21 years, most recently serving as the Chief Risk Officer for the organization.
“Lorain not only brings extraordinary experience and dedication, but also a proven track record within the organization,” said CBS Board Chair, Derrick Bailey. “She has demonstrated exceptional leadership, innovation, and a strong commitment to the company’s mission. Her deep understanding of the business and vision for its future make her the ideal leader to guide CBS through its next phase of growth.”
“I am honored to lead CBS and continue building upon our strong foundation,” Cooper said. “Together, with our talented team, I look forward to delivering continued innovation and value to our clients and partners.”
About Cooperative Business Services
Cooperative Business Services, LLC (CBS) is a Credit Union Service Organization (CUSO) dedicated to providing commercial lending solutions to small and medium-sized businesses. With over 20 years of experience and partnerships with more than 150 credit unions, CBS supports economic growth and entrepreneurship across its 18-state footprint. CBS is committed to delivering personalized service and leveraging cutting-edge technology to meet the evolving needs of its clients and the members they serve.
Media contact:
Zoe Turnbull
Digital Marketing Manager
Cooperative Business Services
