RANCHO CUCAMONGA, Calif. — CO-OP Financial Services, the parent CUSO for CO-OP Network, has announced another rate cut for credit union users of the nationwide, credit union owned ATM network.

This cut, which CO-OP announced is the network's tenth cut in ten years, will come to CUs which use the Falcon system to score their ATM and debit transactions cardholders validate with their signatures, the network announced. The savings should amount to a $1 million for 2,800 CUs, CO-OP added.

"CO-OP's goal is to maintain a balance between our patronage distribution, our retained earnings and the price of our products and services, so we routinely survey the market and reevaluate our pricing structure," said Stan Hollen, CO-OP Financial Services president/CEO. "Our executive management team and board of directors felt it was important to provide our members with a reduction in the fraud and risk management area because it remains a primary focus for the financial services industry."