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Credit Union 24 adds two FIs, renews 17 for its ATM, POS network
July 26, 2009
Credit Union 24 has announced two new deals and 17 renewals with U.S. credit unions for participation in its ATM and POS network.
Royal Credit Union of Front Royal, Va., and PEF Federal Credit Union of Highland Heights, Ohio, have both joined the network, which includes more than 100,000 ATM terminals across the country.
Front Royal has more than $45 million in assets and PEF has more than $20 million in assets.
Kimberly Darr, Front Royal's president and CEO, says the deal will help Front Royal cut costs:
 | This partnership is part of our evolution and our members' evolution into the next decade, which is sure to bring even more unique financial advantages and challenges. |  |
Credit Union 24 also announced the renewal of 17 long-term contracts, some dating back to 1993, during the second quarter of 2009. To date, 29 credit unions have renewed contracts with the network.
Jim Park, president and CEO of Credit Union 24, says the long-term commitments and renewals represent strength for the network:
| Retaining more than 360,000 credit union members illustrates the strength and vitality of the flexible financial services that Credit Union 24 provides.…As our nation's economy begins to emerge from the current recession, Credit Union 24 will continue to grow and refine our service to our participants. Investments in our relationship-management program, which provides timely and qualitative information to help credit unions understand the complexities of the EFT environment, as well as our POS interchange structure and surcharge-free ATM access, are all keeping more money in credit unions' coffers during this challenging economic climate. | |
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