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CU System
CO-OP posts record daymonthyear transactions
RANCHO CUCAMONGA, Calif. (2/4/08)--CO-OP Financial Services, which operates CO-OP Network with 25,000 ATMs nationwide, posted record transactions in 2007 for day, month and year. Records set include: transactions for a single day (6,278,731 on Dec. 24), month (154 million in December), and year (1.6 billion), according to the company’s website. 2007 was the 15th consecutive year that CO-OP set an annual transaction record. The previous record of 1.3 billion was established in 2006. CO-OP also provides volume discounts on products and services that include risk management, debit and deposit access to 2,800 credit union clients and 25 million cardholders. CO-OP has evolved from solely an ATM network to the nation’s largest credit union electronic funds transfer network and processor, said Stan Hollen, CO-OP Financial Services president/CEO. “While the ATM business is still at the heart of our organization, nowadays, our electronic funds transfer services, strategic partnerships and growing membership also play a significant role in allowing us to achieve [the 2007] transaction figures,” he added.
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