The ATM is a familiar part of the business model for most creditunions, but after years of dealing with never-ending compliancehurdles and constantly evolving technology, some credit unions are doingwhat was once considered unthinkable – giving up the titles totheir ATMs.
Instead, they're leasing their ATMs, effectively going fromowners to renters of cash-dispensing terminals across the UnitedStates. And in turn, those credit unions said they're gettingbetter ATMs that still bear their names, but with less headache, lowercost – and less control, too.
The Pride of Disownership
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