TALLAHASSEE, Fla. — Credit Union 24, one of two nationwide credit union-owned ATM networks, has cut prices and raised interchange rates for its participating credit unions.
The overhaul of its pricing and fee structure came as a result of CU24′s move to Fifth Third Bank as a switch provider combined with internal efficiencies, explained CU24 spokesman Sean Dempsey.
Under the new pricing, the network expects participating credit unions to gain from an average 38% increase in interchange income, while switch fees and membership fees drop by an average of 57% and 31%, respectively.
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