RANCHO CUCAMONGA, Calif. & TALAHASSEE, Fla. — The twobiggest credit-union owned ATM networks in the U.S. each postedstrong years in 2007.


CO-OP Financial Services, the parent CUSO for the credit unionowned CO-OP Network reported that the network had a triple recordyear, with records set for the most transactions in a single day(6, 278,731 on Dec. 24), month (154 million in December) and year(1.6 billion).


“CO-OP has evolved from its roots as solely an ATM network tobecome the nation's largest credit union EFT network andprocessor,” said Stan Hollen, CEO of the California based CO-OP.“While the ATM business is still at the heart of our organization,nowadays, our innovative EFT services, strategic partnerships andgrowing membership also play a significant role in allowing us toachieve astounding transaction figures.”


Credit Union 23, the credit union owned ATM and point of saletransaction network headquartered in Tallahassee, reportedprocessing 213.8 million transactions in 2007, a new annual recordand posting a 15% increase in transaction volume over last year.The network also reported adding 27 new credit unions to thecooperative in 2007, including $4.5B Alliant Credit Union and $1.6BTower Federal Credit Union.

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