CO-OP Network

Encyclopedia : C : CO : COO : CO-OP Network

There are very few or no other articles that link to this one.
Please help in articles on [related topics]. After links have been created, remove this message.
This article has been tagged since July 2006.

} The CO-OP Network is an organization of more than 1,800 credit unions that operates a surcharge-free network of more than 25,000 ATMs. The network was founded in 1981 by a group of California credit unions, and has since spread across the United States and Canada, according to its [website]. Members of participating credit unions can make fee-free withdrawals at any CO-OP ATM, and can also make deposits at many of those ATMs. The network is considered to be an important factor in keeping credit unions competitive with larger regional and national banks that have networks of hundreds, or even thousands of ATMs their customers can use without paying extra fees.

The network also owns a subsidiary, Service Centers Corporation, which provides shared branching services for more than 250 credit unions sharing more than 2,056 branches. The corporation was founded in 1975 by five Detroit-area credit unions to minimize costs associated with having their own branches. They opened the first shared Credit Union Family Service Center in Riverview, Michigan. As of 2006, there are 23 such centers operated by SCC in Michigan, Maryland and Virginia.

External links

From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.