SANTA ANA, Calif. — The $6.8 billion Orange County Teachers Federal Credit Union is using a fleet of 258 ATMs to reach the parts of membership that are spread through rural areas in its large field of membership.
According to David Hanighen, vice president of information services for the CU, the credit union has a field of membership that includes teachers and school administrative staff under a Trade, Industry or Profession wide charter. In practice, that means the CU has to serve a membership of 350,000 over an area of 40,000 square miles, from north of Los Angeles to the Mexican boarder running north to south and from Huntington Beach to the desert areas of California running east to west.
To reach these members without building new branches, the credit union has deployed 258 ATMs, the largest credit union ATM fleet in California, across the area. The CU purchased some of the machines from CU Ventures, a now defunct ATM network, and others from usual channels, Hanighen said.
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:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 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.
