News

Co-Op Network gives members a break on pricing

October 6, 2003

ONTARIO, Calif. - Co-Op Network says it has made a price reduction resulting in an estimated $4.6 million cost savings to its 1,500 member credit unions.

According to a news release, the price reduction will impact members' support services and switch fees. It will take effect on Nov. 1.

"In February of this year we announced a price reduction with a $1.3 million annualized impact. This, in addition to our latest price reduction, will have produced a total annualized cost benefit of $5.9 million to Co-Op Network member credit unions in 2003," said Robert Rose, the network's chief executive, in the release.