News

Efmark signs service deal with Security Service Federal Credit Union

March 16, 2005

SAN ANTONIO, Texas - EFMARK Premium Armored will provide cash replenishment services for approximately 50 ATMs owned by San Antonio-based Security Service Federal Credit Union.

EFMARK will monitor and maintain currency levels at the machines, all located in the San Antonio area.

In addition to cash replenishment, EFMARK also will provide deposit pick-up for a number of SSFCU ATMs. Like its cash replenishment service, EFMARK's deposit pickup routes are electronically routed to optimize pickup and delivery schedules for customers.

"EFMARK's sole focus on ATMs and specific expertise in ATM cash services make it an ideal partner to help increase the profitability of our ATM network," said Carlo Ienna, senior vice president of asset management for SSFCU.

Currently 28 percent of EFMARK's customers are credit unions, and the continued expansion of the credit union segment represents a key growth opportunity for the company, according to a news release.