Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
4 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
6 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
6 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
7 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
7 hours ago