Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

Products Archive

Products

Surcharge-free CU HERE ATMs save members 20 million

 Permanent link
TALLAHASSEE, Fla. (11/6/08)--Credit Union 24 announced that its surcharge-free ATM program, CU HERE, saved credit union members more than $20 million in ATM surcharges this year. The program combines surcharge-free ATMs from credit union issuers and regional and national networks to provide members with more than 50,000 surcharge-free ATMs nationwide. Average ATM surcharges assessed to non-account holders rose 13% from last year, averaging $3.43 per transaction in 2008, according to Bankrate.com. Credit Union 24 is an ATM and point-of-service network that serves credit unions nationwide.

CUNA Brokerage Give Back Fund is for tough times

 Permanent link
CEDAR FALLS, Iowa (11/6/08)--CUNA Brokerage Services has created the “Give Back Fund” to help families in need. The fund originally was established to help families who experienced hardship as a result of natural disasters, such as the floods and tornadoes that ravaged the Midwest this year. The Give Back account is held at the Cedar Falls (Iowa) Community CU and has already received 15 pledges exceeding $4,100. CUNA Brokerage Services Inc.’s Senior Advisor Leadership Team includes 36 of the organization’s top performing advisors. The team has been instrumental in directing the momentum and resources of the broker dealer operation dedicated solely to servicing credit unions. CUNA Brokerage Services provides broker dealer services to nearly 400 credit unions nationwide.

CO-OP Financial Services launches debit card analysis

 Permanent link
RANCHO CUCAMONGA, Calif. (11/6/08)--A new tool from CO-OP Financial Services, “CO-OP Revelation,” will allow credit unions to analyze cardholders’ usage behavior. The analysis can be narrowed, based on merchant type, network and type of transaction. “Knowing which merchants are popular with members will allow credit unions to be more creative with reward and incentive programs,” said Stan Hollen, CO-OP Financial Services president/CEO. With CO-OP Revelation, Addison Avenue FCU, Palo Alto, Calif., identified heavy ATM usage by its cardholders at a competing bank with CO-OP Revelation. “Based on this information, we were able to pinpoint the exact location where an ATM would best serve our members,” said Linda Manning, Addison Avenue FCU fraud analyst. CO-OP Financial Services licensed Saylent Technologies’ Y-Debit card portfolio optimization solution as the platform for CO-OP Revelation. CO-OP Financial Services is a credit union service organization based in Rancho Cucamonga, Calif.