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CO-OP releases shared branching ATM

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RANCHO CUCAMONGA, Calif. (12/17/12)--CO-OP Financial Services has introduced an ATM that allows members of participating credit unions to conduct shared branch transactions at the ATM.

The Rancho Cucamonga, Calif.-based credit union service organization and ATM manufacturer Diebold developed the new application software, which means members of CO-OP Shared Branching credit unions can conduct nearly all branch transactions, including loan payments, at Diebold Opteva ATMs.

"CO-OP NextGen ATM gives credit unions the ability to optimize their ATM channel and capital expenditures by using their current ATM fleet to support traditional ATM transactions and shared branching transactions," said Stan Hollen, president/CEO.

CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. The CO-OP network includes 5,000 shared branching centers.