News

WVLSC, Co-op enter ATM network partnering agreement

West Virginia League Services Corp. has agreed to promote Co-op Financial Services' 30,000 ATM network exclusively to the league's member credit unions.

June 26, 2014

Co-op Financial Services has reached a partnership agreement with West Virginia League Services Corp. in which the service arm of the 100-member credit union league will promote the Co-op ATM network exclusively to member credit unions.

On a nonexclusive basis, WVLSC also will promote Co-op electronic payment processing services including: PIN and signature debit processing; in-house or pass-through credit processing; and ATM terminal driving.

"This is a great opportunity for credit unions to tap into a leading provider of a variety of EFT platform solutions," said Ken Watts, president of both the league and its services corp. "Credit unions will have the opportunity to tie into a proven network of services that are fairly priced and delivered in a manner consistent with the high service expectations that credit union members have come to expect."

"We are confident this partnership with West Virginia League Service Corp. will help bring more credit unions into the Co-op ATM network, making it easier and more convenient for members to access their accounts," said Stan Hollen, president and CEO of Co-op. "Our payment processing services will also help the state’s credit unions operate more efficiently and profitably."

Co-op ATM is a nationwide-network of 30,000 ATMs, 9,000 of which are deposit-taking, available surcharge-free to the members of participating credit unions. It is the nation’s largest credit union-only network of ATMs.