CO-OP Financial Services
This article is about the North American interbank network. For the UK Co-operative Society, see Co-operative Financial Services.
 | |
| Operating area | United States, Canada |
|---|---|
| Members | 1,871 |
| ATMs | 30,000 |
| Founded | 1981 (as CO-OP Network) |
| Website |
co-opfs |
CO-OP Financial Services, formerly known as CO-OP Network, is an interbank network connecting the ATMs of credit unions in the United States, with locations also in Canada and certain United States Navy bases overseas. It is the largest credit union-owned interbank network in the US.[1]
It is headquartered in Rancho Cucamonga, California.[2]
History
- 1981: The CO-OP Network begins, when 20 credit unions in California unite their 32 ATMs.
- 1986: The first CO-OP ATMs are deployed at 7-Eleven stores.
- 2002: The network includes its first Canadian member, CS CO-OP.
Shared branching
CO-OP Financial Services also provides what the company calls shared branching, through its subsidiary Service Center Corporation, acquired in 2002. Members of 1,800 credit unions can perform most teller transactions at any one of the network's 5,200 branches. This system was founded in 1975 by five Detroit-area credit unions to minimize costs associated with having their own branches.[1]
References
External links
This article is issued from Wikipedia - version of the Saturday, April 18, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.