Pendum

A new multi-credit union program in Canada means that CU members have expanded access to ATMs across Canada that won't "ding" them for a surcharge. They also have access to a downloadable smartphone app that tells them exactly where they'll find the nearest ding-free ATM. The app is available for iPhone, Android Windows and BlackBerry smartphones.

Paul Kelly, president and chief executive of First Calgary Financial, told the Calgary Herald that the new service comprises 2,400 participating ATMs across Canada. The service is being publicized with a multi-media advertising campaign. 

First Calgary, a CU with $3 billion in assets and 7,000 members, has found success in removing the pain point of service fees for its members.

In May of 2012 the FI launched its "No Fees for Me" checking account, which dispensed with the most common fees associated with everyday personal banking. The program resulted in the opening of 13,000 new checking accounts at First Calgary.

"We've taken a pretty strong philosophy to say 'we're just not going to play in that game,'" Kelly told the Herald. "And frankly we're going to make our money by you taking a mortgage with us or you deposit money. That's how we're going to survive."

So far, the CU is surviving just fine, enjoying a 40 percent increase in profits in 2012. 

For more on this topic, visit the networking/connectivity research center.

Related Content

User Comments – Give us your opinion!
Products & Services

Multi-Brand ATM Parts

http://global.networldalliance.com/new/images/products/Closeout_Parts_100.gif

1171/Multi-Brand-ATM-Parts

ATM Consumables & Supplies

http://global.networldalliance.com/new/images/products/426.png

426/ATM-Consumables-Supplies

KAL Transaction Processing Solutions

http://global.networldalliance.com/new/images/products/KAL_Logo_SF100.gif

1234/KAL-Transaction-Processing-Solutions

Compact, Cost Effective—Lobby Cash Dispenser H22NL

http://global.networldalliance.com/new/images/products/H22NL.jpg

3740/Compact-Cost-Effective-Lobby-Cash-Dispenser-H22NL

FINsim ISO

http://global.networldalliance.com/new/images/products/6487.png

6487/FINsim-ISO

Digital Signage Application – WWS Seegnage Manager

http://global.networldalliance.com/new/images/products/6221.png

6221/Digital-Signage-Application-WWS-Seegnage-Manager

NCR APTRA Cash Management

http://global.networldalliance.com/new/images/products/5765.png

5765/NCR-APTRA-Cash-Management

Provides Variety of Optional Functionalities—Banking Kiosk K20

http://global.networldalliance.com/new/images/products/K20.png

3741/Provides-Variety-of-Optional-Functionalities-Banking-Kiosk-K20

V4500 Enterprise Class Router: Best-in-Class Connectivity

http://global.networldalliance.com/new/images/products/4380.png

4380/V4500-Enterprise-Class-Router-Best-in-Class-Connectivity

KAL Kalignite EMV Kernel

http://global.networldalliance.com/new/images/products/Kalignite_EMV_100.gif

831/KAL-Kalignite-EMV-Kernel

Media Kit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.