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News Now

CU System
CO-OP ready for holiday shared-branch rush
ATLANTA (11/21/08)--CO-OP Shared Branching is ready to handle the holiday shared branching rush, the network said. In 2006 and 2007, CO-OP saw December transactions increase by about 180,000 each year over the January to November monthly averages. Average monthly transactions year-to-date have risen by 161,000 and 232,000 compared with similar timeframes in 2006 and 2007. The increase is due to trouble in the economy and consumers’ awareness and trust in credit unions, said CO-OP Shared Branching President/Chief Operating Officer Carroll Beach. Members can prepare for holiday traveling by downloading all CO-OP ATMs and shared-branching locations to their global positioning system devices. They also can locate access points by phone, Internet or text. Credit Union Service Corp. and CO-OP Financial Services combined to form CO-OP Shared Branching, which provides 28,000 surcharge-free ATMs to participating credit union members.


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