RANCHO CUCAMONGA, Calif. -- Credit unions that participate in CO-OP Network and use the Falcon network to score their ATM and signature debit transactions will see their bills drop a bit in the coming year, CO-OP Financial Services has announced.
CO-OP Financial Services is the parent CUSO for the CO-OP Network, a nationwide surcharge free ATM network owned by credit unions. The savings should amount to a $1 million for 2,800 CUs, CO-OP added.
"CO-OP's goal is to maintain a balance between our patronage distribution, our retained earnings and the price of our products and services, so we routinely survey the market and reevaluate our pricing structure," said Stan Hollen, CO-OP Financial Services president/CEO. "Our executive management team and board of directors felt it was important to provide our members with a reduction in the fraud and risk management area because it remains a primary focus for the financial services industry."
