X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ONTARIO, CA – ATM and Debit News’ annual survey of EFT volume has dropped CO-OP Network from fourth to fifth nationwide, even as the Network’s transaction volume rose 24.6% for the year. According to the publication, CO-OP’s monthly switch transactions totaled more than 48 million this March, compared with more than 38.5 million in March 2001. The switch transactions for all EFT networks totaled 992.3 million, compared with 860.2 million last year, which might explain the drop in rankings. The network ranks No. 8 in number of ATMs online, with 11,472 – a 148.6% growth over the number of ATMs for 2001. CU 24 ranked No. 10 with 7,250 ATMs online. EFT networks overall have 352,000 ATMs online, an 8.6% increase over the 324,000 last year. They have a total of 3.5 million point-of-sale devices, the publication reported.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.