CO-OP Financial Services reported Wednesday it processed more than three billion electronic funds transfer and shared branch transactions by credit union members in 2014, which established a new annual record for the CUSO.

Last year's record transaction volume was an 8% increase from 2013, according to the  Rancho Cucamonga, Calif.-based organization.

CO-OP Financial said the record set in 2014 means it is hitting new milestones at an accelerated pace.

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