RANCHO CUCAMONGA, Calif. (September 12, 2012) – Seeking greater operational efficiency and greater convenience for its members, People’s Trust FCU has selected CO-OP Financial Services for network and payment processing services, including access to CO-OP Network and in-house credit card transaction processing.
People’s Trust FCU (www.peoplestrustfcu.org) is based in Houston, Texas, and has 37,000 members and $445 million in total assets.
“There are many quality business partners in the market who
provide ATM, Debit and Credit processing, however, several key
attributes really set CO-OP above the rest,” said Steve
Branstetter, Vice President/Chief Financial Officer for People’s
Trust FCU. “First and foremost is that we will not be just a client
but an owner-shareholder. We support credit unions collaborating to
create value for our members. Secondly, we wanted to give our
members access to the nation’s largest surcharge-free ATM network.
Third, we wanted a near-seamless integration with our core system
that operates credit, debit and ATM driving on one platform.
“Finally, our decision was based on CO-OP’s reputation for reliability, innovation and service delivered at a very competitive price. We’re looking forward to generating efficiencies through partnering with such a progressive, member-focused partner,” said Branstetter.
CO-OP Network offers 30,000 ATMs nationwide, 9,000 of which accept deposits, available surcharge-free to members of participating credit unions. With CO-OP’s in-house (or “internal”) credit processing, the credit union’s core/host system is leveraged to enable CO-OP to provide a variety of transaction processing services. CO-OP also offers a full-service credit solution in its payment processing suite.
People’s Trust FCU has also contracted with CO-OP for VISA Debit transaction processing and terminal driving for its ATM fleet.
For more information, visit www.co-opfs.org.
About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,500 credit union members, 30 million cardholders, 30,000 surcharge-free ATMs, 4,600 shared branching locations (plus 2,200 Vcom® kiosks) and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.