CO-OP Financial Services Reports Record Year
CO-OP Financial Services on Wednesday reported handling 2.5 billion transactions for credit union members in 2012, the most yet.
The number is a 13.6% increase over the 2.2 billion transactions that the CUSO reported in 2011.
“It was another good year for CO-OP Card Payment services, reflecting the slowly improving economy,” said Stan Hollen, the CUSO’s CEO. “With the resolution of fiscal issues and continued economic improvement, we hope to see an even stronger year in 2013.”
CO-OP said it has 3,500 credit unions as clients, which includes 30 million credit union cardholders, and that it exceeded the two billion transaction mark for the first time in 2010. The CUSO said it reached the one billion figure originally in 2004.
CO-OP also reported hitting a new single-month transaction record in December 2012 with 230 million. On Dec. 22, the company said, it established a new single day transaction record with nine million processed.