Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CO-OP Financial Services reaches 25 billion transactions in 2012
RANCHO CUCAMONGA, Calif. (1/17/13)--CO-OP Financial Services set new records in annual, monthly and daily transaction volume during 2012--including 2.5 billion transactions for the year.

"It was another good year for CO-OP Card Payment services, reflecting the slowly improving economy," said Stan Hollen, president/CEO of the processor of electronic payments by credit union members. "With the resolution of fiscal issues and continued economic improvement, we hope to see an even stronger year in 2013."

The 2.5 billion transaction figure for 2012 is a 13.6% increase over the 2.2 billion processed in 2011. It includes cardholder debit, credit, ATM and shared-branch payments. The company exceeded the two billion transaction mark for the first time in 2010, and reached the one billion milestone originally in 2004.

In addition to the new annual mark, CO-OP reached a new single month transaction record in December with 230 million transactions. On Dec. 22, the company established a new single day transaction record with nine million payments processed.

CO-OP has 3,500 credit unions as clients, which includes 30 million credit union cardholders.


RSS print
News Now LiveWire
Bank ATM fees continue to climb. Credit unions? Not so much. #NewsNow http://t.co/7nfcqusVuM
43 minutes ago
NCUA 2day liquidated Republic Hose Employees FCU,Youngstown,Ohio, after determining the CU was insolvent w/no prospect for viable operations
55 minutes ago
MO #creditunions @BankOnMo with SUV contest See #NewsNow http://t.co/dMnnADr3CO
1 hours ago
Breaking at #NewsNow: Matz to request revised RBC proposal, new comment period http://t.co/eLtYmzXRWn
18 hours ago
#NewsNow: Oct. 22 webinar will explore role of CDFI #creditunions. http://t.co/op1GV4mrYM
21 hours ago