COLORADO SPRINGS, Colo. — On the verge of finalizing a 51% buyout of Atlanta-based Credit Union Service Corp., CO-OP Financial Services disclosed Wednesday a series of expansion moves including plans for an ATM pact with Costco Wholesale Corp. patterned after its ongoing 7-Eleven hookup.
At the same time, CO-OP, whose members are convened here this week for the annual meeting, said "five more big credit unions" that were not identified are prepared to start shared branching while new clearing and processing inroads are being made by CUs in deposit imaging at ATMs.
"There are 12 credit unions going live on imaging deposits at ATMs with lots more to come," forecast Stan Hollen, president/CEO of the Ontario, Calif. based CO-OP, which is also the nation's largest CUSO.
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