News

Co-Op Network touts N.Y. growth

August 3, 2005

ONTARIO, Calif. - Eighty New York area credit unions have joined Co-Op Network since the end of 2004, including recent additions Hudson Valley Federal Credit Union and AmeriCU Credit Union, Co-Op Network CEO Stan Hollen announced in a news release.

"Each of the credit unions participated in our network through Card Services, an affiliate of the New York State Credit Union League, which signed a member-shareholder agreement with Co-Op Network last year," Hollen said. "This partnership, which provides Card Services' credit union clients with national surcharge-free ATM access for their members, has helped Co-Op Network expand its ATM base throughout the Northeast while quickly increasing our credit union presence throughout New York state."

Card Services has converted 66 of 80 credit union card programs from another processor to Co-Op Network. When completed later this year, Co-Op Network will have added more than 1 million new members and more than 300 ATMs to its network.

Co-Op Network provides access to more than 20,000 surcharge-free machines across the U.S., including 1,100 ATMs in New York and New Jersey.