“The Dove ATM Deployer Study indicates credit unions have relatively higher costs of ATM ownership,” said Stan Hollen, CEO, CO-OP Financial Services. Another recently developed service is the proofing, balancing and clearing of imaged ATM deposits through Check Imaging, with a first-half 2007 rollout planned for 7-Eleven and its nearly 2,000 CO-OP-branded Vcom ATMs. The services being developed include cash services (armored carriers), first-line maintenance (not requiring repair, such as jammed cards or running out of paper), second-line maintenance (requiring a technician), as well as ATM purchasing placement and installation. “I’m pleased to report the new agreement provides an opportunity to leverage our staff and service model to benefit more credit unions.”ĬO-OP ATM Services will be jointly owned by CU Anytime and CO-OP Financial Services. “We’ve been working with CO-OP management for more than a year to explore methods to expand our relationship,” said Don Gray, President, CU Anytime. The service set will be repackaged and expanded for an offering to CO-OP members and all other credit unions. CU Anytime, an Albuquerque, N.M.- based CUSO formed in 1997, currently provides these services for its 168 ATMs.
The joint venture, set to debut April 1, will develop an array of ATM management services for credit unions – essentially everything involved with owning an ATM, from managing armored carriers, to maintenance capabilities and the processing of image deposits.
#CU ANYTIME FREE#
CU Anytime, with 29 credit unions and 168 ATMs throughout New Mexico and portions of Texas and California, and CO-OP Financial Services, which operates the country’s largest surcharge- free network of credit union ATMs (CO-OP Network), have formed a new organization – CO-OP ATM Services LLC.
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