Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CO-OP transactions for Dec. top 200M cites CU growth
RANCHO CUCAMONGA, Calif. (1/26/12)--CO-OP Financial Services processed more than 200 million electronic payment transactions by credit union members during December, marking the first time the company exceeded the 200 million milestone in a single month.

"Reaching 200 million transactions in just one month is a tribute to the growth of the movement, as more members continue to become debit and credit cardholders with their credit unions," said Stan Hollen, CO-OP Financial Services president/CEO. "CO-OP Payment Processing helps institutions keep up with this demand, ensuring continued convenience for their cardholders and ensuring cost-effective processing that maximizes profitability for the credit union."

For the entire year of 2011, the company processed more than 2.2 billion transactions. CO-OP Financial Services first exceeded the one billion transaction mark in 2004.

The company processed more than 100 million shared-branch transactions in 2011, reflecting CO-OP's merger with Financial Service Centers Cooperative (FSCC), which was announced in September and finalized Tuesday.

CO-OP Financial Services provides services on cardholder debit, credit, ATM and shared-branch transactions.


RSS print
News Now LiveWire
Did you ask @CommonwealthCU CEO a fin. question on #heyKaren day? She'll answer #likeaboss http://t.co/2PgZAp9qu0 https://t.co/RySBvM4rBc
32 minutes ago
Texans linebacker Cushing continues outreach, spokesman role for @FirstCommCU http://t.co/wIUGhn9okM
3 hours ago
Despite what consumers say, big banks still hold sway over market via @Marketplace http://t.co/ozH69d8soj
5 hours ago
Erie, Pa., Americo FCU CEO praises staff for actions during robbery http://t.co/yyhaPnDtXh
6 hours ago
"Shreditorial" praises good deeds of @DannemoraFedCU http://t.co/06qKe0mhzR
6 hours ago