X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK – The $1.2 billion credit union that had to prosecute some members to recover funds they had stolen from its ATMs in the wake of the September 11 attacks has joined the CO-OP Network. Almost a year after the September 11 attacks, the Municipal Credit Union, headquartered in New York, had almost $15 million stolen from its ATMs after members overdrew their accounts through the machines. The credit union recovered virtually all of the money but, in the end, had to enlist a prosecutor to help do so. Now Municipal looks forward to having its members able to use one of CO-OP’s 19,000 machines nationwide, with 500 in the New York area, without having to face fees. “One priority is to help our membership find ATMs where they won’t be charged for the transaction,” said Municipal CEO William Porter. “MCU is growing every year, and that’s why it made so much sense to join CO-OP Network. Our members deserve free access to their money at as many locations as we can supply.”

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

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.