St Marys Bank Cu Chooses Co Op Financial Services To Handle Its Debit Card Payment Processing

St. Mary's Bank CU Chooses CO-OP Financial Services to Handle its Debit Card Payment Processing


St. Mary's Bank CU (, founded in 1908 and based in Manchester, N.H., has more than 62,000 members and total assets of about $715 million. St. Mary's debit card program includes about 21,000 cards issued to members, with about 203,000 monthly transactions.

"We selected CO-OP Financial Services for debit processing after a thorough due diligence process," said Ronald Covey, Jr., President/CEO, St. Mary's. "The bottom line for us was that the features and functionality of the CO-OP Debit program were strong, it made financial sense for us and we selected a company that embraces credit union core values, which was very important to us."

With CO-OP Debit, one comprehensive program provides secure and easy transactions for members while giving credit union the cost-saving benefits of consolidated infrastructures, network connections, authorization processes and settlement points. CO-OP Debit Signature and PIN processing helps maximize debit and interchange revenue; boosts member loyalty with convenient access and a turnkey rewards program; manages costs by combining PIN and Signature transactions; provides best-in-class fraud detection services; and offers consultative support.

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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. With 30 years of credit union service, CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,000 credit union members, 30 million cardholders, 28,000 surcharge-free ATMs, 4,300 shared branch locations and more than 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