CO-OP Financial Services on Wednesday reported handling 2.5billion transactions for credit union members in 2012, the mostyet.
|The figure includes debit, credit, ATM and shared branching transactions, the Rancho Cucamonga,Calif., CUSO said.
|The number is a 13.6% increase over the 2.2 billion transactionsthat the CUSO reported in 2011.
|“It was another good year for CO-OP Card Payment services,reflecting the slowly improving economy,” said Stan Hollen, theCUSO's CEO. “With the resolution of fiscal issues and continuedeconomic improvement, we hope to see an even stronger year in2013.”
|CO-OP said it has 3,500 credit unions as clients, which includes30 million credit union cardholders, and that it exceeded the twobillion transaction mark for the first time in 2010. The CUSO saidit reached the one billion figure originally in 2004.
|CO-OP also reported hitting a new single-month transactionrecord in December 2012 with 230 million. On Dec. 22, the companysaid, it established a new single day transaction record with ninemillion processed.
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