Co-Op Network takes over switching for Purdue credit union

Co-Op Network takes over switching for Purdue credit union
Tags: Transaction Processing
December 26, 2005

ONTARIO, Calif. - Purdue Employees Federal Credit Union, a Co-Op Network member since 2003, has signed an agreement to expand its electronic payment services.

According to a news release, PEFCU will now use the country's largest credit union EFT processor for all of its switching needs.

"Co-Op Network's pricing structure is very competitive, but cost wasn't the main factor in the decision," said Bill Connors, president and chief executive of PEFCU. "When we looked at the big picture, Co-Op Network's commitment to service and their ability to provide our members with nationwide ATM access made them the best overall choice."

With more than $420 million in assets, PEFCU is Indiana's 10th largest credit union.