"We are already participating in CO-OP Shared Branching services, so this was the next logical step for us," said Floyd Rummel, President/CEO, Dakota Territory FCU. "The whole process of going on-line was very smooth, easy and painless.
"Our community credit union encompasses the boundaries of the Lead-Deadwood School District, which is a geographically huge, mostly rural area, so the mobile banking capability is extremely important to our members," said Rummel. "In addition, it's definitely what our younger members demand. With mobile banking, they will join and stay with a credit union. And if they move out of the area to continue their educations or careers, with CO-OP Mobile and CO-OP Shared Branching, they can still stay with their hometown credit union."
Both CO-OP Mobile and CO-OP Shared Branching operate on CO-OP's Next Generation Network (NGN) technology platform. As Dakota Territory FCU was already utilizing NGN via CO-OP Shared Branching, the credit union was able to be up and running on CO-OP Mobile on April 1, 2011, just 60 days after ordering the additional service.
Dakota Territory FCU is one of 11 credit unions that ordered CO-OP Mobile for their members during the first quarter of 2011.
CO-OP Mobile enables on-the-go banking via SMS/text, Web browser and downloadable applications for smartphones. With CO-OP Mobile, credit union members can check balances, make transfers and find CO-OP Network ATMs and CO-OP Shared Branching locations.
For more information on CO-OP Mobile, contact the Business Development department of CO-OP Financial Services at 800-782-9042, ext. 7140, or via e-mail at: BusinessDevelopment@co-opfs.org.
About CO-OP Financial Services
Based in Rancho Cucamonga, Calif., CO-OP Financial Services is the industry leader in access and convenience products for credit unions. Nearing 30 years of credit union service, CO-OP connects credit union members to their accounts through network services, payment processing, e-commerce, shared branching and call center services. With a total of 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,000 shared branch locations and two billion annual transactions, CO-OP Financial Services is the nation's largest credit union service organization, offering the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org. Follow CO-OP on Twitter at: http://twitter.com/COOPFS and keep up with industry issues via the CO-OP Insight Vault blog at: http://co-opinsightvault.com.