CO-OP Breaks 200 Million Barrier
CO-OP Financial Services said it processed more than 200 million electronic payment transactions in December, the most ever in a single month for the California-based CUSO.
The total for 2011 was more than 2.2 billion debit, credit, ATM and shared branch transactions for members of the more than 3,000 credit unions served by CO-OP, the CUSO said.
“Reaching 200 million transactions in just one month is a tribute to the growth of the movement, as more members continue to become debit and credit cardholders with their credit unions,” said Stan Hollen, president/CEO of CO-OP Financial Services in Rancho Cucamonga, Calif.
CO-OP also said it processed more than 100 million shared branch transactions in 2011. It recently completed its merger with Financial Service Centers Cooperative, creating a new network comprising more than 1,700 credit unions, 4,400 branch locations and 2,200 kiosks in 7-Eleven stores, the company said.