News

Three Washington credit unions sign on with Co-Op Network

January 11, 2006

ONTARIO, Calif. - Spokane Teachers Credit Union and Spokane City Credit Union, two long-time Co-Op Network members, have added debit processing to their list of services with Co-Op Network, the nation's largest credit union EFT processor. According to a news release, Safeway Credit Union, another Spokane organization, also became a new member using the network for PIN and debit processing. 

"By using Co-Op Network exclusively, a single report is now generated for both PIN and debit transaction settlements, making life a lot easier in the accounting department," said Steven Dahlstrom, president and chief executive of Spokane Teachers Credit Union. 

The network includes Falcon Fraud Manager in its debit processing package. Falcon Fraud is a neural network that quickly recognizes potentially false card activity while generating fewer inaccurate positives on cardholder transactions.