CO-OP Financial Services and ATM manufacturer Diebold havebegun beta-testing an ATM which will allow members at sharedbranching credit unions to make those transactions at the ATM.

Dubbed the CO-OP NextGen ATM, the machines will allow members to conductalmost all the same transactions that they would at a shared branchcredit union, including loan payments, at the ATM.

The new beta testing ATM is in a drive-up location at the mainbranch of the Red Rocks Credit Union, a 17,000-member, $223 millioninstitution in the Denver suburb of Highlands Ranch, Colo.

“Red Rocks CU is a great partner in the development of CO-OPNextGen ATM, which is going to help all credit unions get more outof their existing ATMs and improve the member's self-serviceexperience,” said Stan Hollen, president/CEO of CO-OP FinancialServices in Rancho Cucamonga, Calif.

Jason Nelson, the credit unions' vice president of service,said, “Our credit union is passionately focused on providinggreater financial returns to our membership as a result ofincreased operational efficiencies and lower operating costs.Reducing the costs associated with transactions is an importantpart of that equation. At the same time, our members desire asimplified, intuitive technology experience.

“This next generation of ATM technology promises to enhance thatexperience. It also allows us to provide our members with secure,24-hour access to all of their accounts. This was an opportunity wecouldn't pass up.”