RANCHO CUCAMONGA, Calif.—CO-OP Financial Services processed more than 3 billion electronic funds transfer and shared branch transactions last year, an annual record for the CUSO.
The number represents an increase of 8% compared with 2013.
“CO-OP is dedicated to helping credit unions become the primary financial institution of its members by maximizing secure and convenient access to accounts,” said Stan Hollen, CO-OP president/CEO. “In 2013, we set a record with 2.8 billion transactions. The new transaction processing record set by CO-OP in 2014 demonstrates again that credit unions can compete with anyone in terms of debit, credit, ATM and branch services.”
CO-OP stated the new record indicates the organization is hitting milestones at an accelerating pace. In 2004, the company reached 1 billion in annual transactions and in 2010 it first topped 2 billion transactions.
Last year the CUSO also set another internal record by completing 10,327,641 transactions in a day on Dec. 24.
Related
McGraw-Hlll Expands With CO-OP Financial Services