CO-OP now counts 23 of the 25 largest credit unions in the United States as clients. These 23 credit unions have a combined $208.4 billion in consumer assets under management.
“We have 3,500 credit union partners that we are working with to educate members about omnichannel benefits of surcharge-free ATMS, shared branching, debit and credit solutions and digital wallet options,” said Todd Clark, President/CEO of CO-OP. “The addition of these credit union partners will advance our mission to deliver a seamless, secure experience to members across the many methods they prefer.”
The 11 large credit unions signed with CO-OP Financial Services include:
In March, CO-OP announced a long-term partnership with FCTI, maintaining surcharge-free ATM access at 8,000 7-Eleven stores across the country. CO-OP ATM is the largest credit union-owned network in the United States, and it is larger than any commercial bank network.
CO-OP has also achieved growth by uniting with TMG.
“CO-OP acquired TMG to create a fully integrated payment services company, realizing the vision of the original partnership formed by the two companies more than five years ago,” said Clark. “We are delivering the core products and services that address today’s market dynamics and credit union needs, particularly as our clients seek to rapidly transform to more digital-centric operations and services.”
About CO-OP Financial Services
CO-OP Financial Services is a payments and financial technology company whose mission is ensuring the success of the credit union movement by serving 3,500 credit unions and 60 million members. CO-OP payments solutions, engagement services and strategic counsel help credit unions optimize member experiences to consistently provide seamless, personalized multi-channel offerings, while delivering secure, sophisticated fraud mitigation service. For more information, visit www.co-opfs.org.