Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
CO-OP Hits Record 2.8B Transactions in '13
RANCHO CUCAMONGA, Calif. (1/9/14)--CO-OP Financial Services processed a record 2.8 billion electronic funds transfer (EFT) and shared-branch transactions in 2013, an increase of 10% compared with 2012.

The figures were boosted by the last few days of the holiday buying season, with a single-day record of more than 9 million transactions recorded Saturday, Dec. 21. Also, records for transactions in a single hour, minute and second were set Dec. 24, highlighted by a peak of 223 transactions per second.

"The transaction processing records set by CO-OP in 2013 demonstrate that credit unions can compete with anyone in terms of terms of debit, credit, ATM and branch services," said Stan Hollen, CO-OP Financial Services president/CEO.

With transactions increasing at an annual rate of 10%, CO-OP Financial Services would surpass 3 billion transactions in 2014. In 2004, the company reached 1 billion in annual transactions, and in 2010 CO-OP Financial Services first topped 2 billion transactions.


RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
1 day ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
1 hour ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
1 hour ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
3 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
3 hours ago