Search
 

Municipal Credit Union's ATMs Pass 100

NEW YORK - A CU which lost million of dollars in ATM theft after the September 11 attacks now has more than 100 of the machines in place. The new ATMs belong to the $1.1 billion Municipal Credit Union and will serve members at the Kings County Hospital in Brooklyn...

By Staff Writer | Updated on April 05, 2005

NEW YORK – A CU which lost million of dollars in ATM theft after the September 11 attacks now has more than 100 of the machines in place. The new ATMs belong to the $1.1 billion Municipal Credit Union and will serve members at the Kings County Hospital in Brooklyn as well as on East 149th street in the Bronx, the credit union said after it placed the latest eight. “These new ATMs are further proof of MCU’s delivery on its commitment to increase member touch points and provide 24/7 access to their funds,” said Carol Gonzalez, senior vice president at the credit union. The ATM placement keeps Municipal firmly in second place among credit union ATM deployers in the Big Apple. The $87 million Actors Federal, with 176 ATMs, leads the pack. In the days after the September 11 attacks, some of Municipal’s members stole almost $15 million from its ATMs which had been out of contact with the credit union but which continued to allow withdrawals. The credit union has always maintained that it considered it more important to provide members’ access to their funds than to shut the ATMs down. The credit union also recovered the bulk of the money.

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?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

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 © 2024 ALM Global, LLC. All Rights Reserved.