PORTLAND, Maine–cPort Credit Union said it has joined the Co-op ATM network, which is now part of Velera.
“The agreement not only enables members of cPort to have access to 32,000 fee-free ATMs nationwide, but also significantly adds to the number of network ATMs available to members of all participating credit unions in the state of Maine,” the company said in a statement.
Velera said the Co-op ATM network has been growing rapidly in recent years in Maine. In March 2022, the network added 60 machines in Hannaford Supermarket locations throughout the state. With cPort joining the network, the total number of ATMs in Maine now numbers more than 180. cPort will go live with its network participation in Fall 2024, according to Velera.
‘Tremendous Convenience’
“Joining Co-op ATM is a tremendous convenience for our members, who can now access a surcharge-free machine throughout the state – indeed, throughout the country,” Jennifer Bouchard, vice president of branch operations for cPort, said in a statement. “Being a part of the network, our own ATMs are now available to members of other participating credit unions – it’s a true display of the collaborative spirit of the credit union movement.”
The $422-milion cPort CU has more than 30,000 members and five branches.
“Co-op ATM is the largest credit union-owned ATM network in the U.S., with more than 32,000 machines available nationwide for surcharge-free access by credit union members,” Brian Scott, EVP, chief growth officer for Velera, said in a statement. “The continuous addition of new ATMs to the network increases its value as a service to members. Maine is already one of the most active areas in the country in the Co-op Shared Branch network, and our increased ATM footprint now makes accessing Co-op ATM equally convenient.”
‘Larger Than Any Bank Network’
Velera noted that with nearly 7,500 deposit-taking ATMs and 2,000 participating credit unions, the Co-op ATM network is larger than any commercial bank network. It includes a host of locator services, including the website at https://co-opcreditunions.org/locator.
The Co-op Shared Branch network comprises 5,400 locations, enabling members of participating credit unions to transact their account-related business as if they were in their own home branch, the company added.
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