RANCHO CUCAMONGA, Calif. (12/13/07)--Twenty-six million credit union cardholders will now have access to surcharge-free ATMs at 341 Costco locations in 35 states. CO-OP Financial Services, which operates the CO-OP Network and its 25,000 surcharge-free ATMs, recently signed an agreement with Costco, a wholesale warehouse chain, to give cardholders increased ATM access (ATMmarketplace.com Dec. 11). More than 80% of CO-OP Network transactions are conducted at credit union ATMs. Members have asked CO-OP to form partnerships with retail chains, according to Stan Hollen, CO-OP president/CEO. CO-OP also has signed a similar agreement with 7-Eleven, which allows credit union cardholders to access their accounts at ATMs in 5,500 7-Eleven stores nationwide. Costco, based in Issaquah, Wash., has 383 warehouses in the U.S.
NEW YORK (12/13/07)--Newtek Business Services Inc., a provider of business services and financial products to the small and medium-sized business market and a Credit Union National Association (CUNA) Strategic Service provider, announced that it has signed its 200th credit union strategic alliance partner. The credit union, Cornerstone Community FCU, is located in Auburn Hills, Mich. Partnerships with Newtek provide credit unions with business services, including NewTracker, a tool that credit unions can use to track their members’ use of services. Barry Sloane, chairman and CEO of Newtek Business Services said that he is proud of the continued growth of the credit union base, but “it represents only a small share of the market, creating significant opportunity for us to increase the overall number of Newtek credit union partners.” Newtek Business Services has contracted alliance partnerships with CUNA, Fiserv Solutions Inc., IntegraSys and PSCU Financial Services.