CU24 goes surcharge free

ALBANY, N.Y. - CU24, a credit union-owned and operated ATM network affiliate of the New York State Credit Union League, has launched an initiative to provide members of credit unions that belong to the CU24 network with surcharge-free access to ATMs owned by the credit unions. Credit unions in New York, Delaware, Massachusetts, New Jersey and Rhode Island will be able to participate in the program. The initiative affects nearly 1.5 million credit union members. Dan Gonzalez, CU24 sales director explained that the network has been approached by many credit unions he said are finding it necessary to surcharge on their terminals, but still feel strongly that in the cooperative environment in which credit unions operate, other credit unions' members should not be surcharged."This program meets that need," Gonzalez said. Credit unions will be able to ask CU24 to make a simple programming change, so that members of CU24-participating credit unions will automatically be able to make surcharge-free transactions. Participating ATMs will display a "CU24 - No Surcharge ATM" sign, and credit unions will pay no monthly charges or additional transaction fees to be part of the program. Terminal owners will continue to receive the full interchange income for transactions.