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CO-OP processed two billion transactions in 10

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RANCHO CUCAMONGA, Calif. (1/4/11)--Electronics payment processor CO-OP Financial Services established a new annual record by handling more than two billion transactions in 2010. The transactions, performed on behalf of its more than 3,000 client credit unions, represent more than a 10% increase compared with 2009. The total maintains CO-OP’s position as the largest volume credit union-owned processor, the company said. In addition to the annual record, CO-OP Financial Services established a new single-day record with eight million transactions on Dec. 24.