RANCHO CUCAMONGA, Calif. — Credit unions in North and South Dakota will have an easier way to bring surcharge free ATM services to their members thanks to an agreement inked recently between CO-OP Financial Services and the Mid-America Credit Service Corporation.
CO-OP Financial Services is the parent CUSO of the popular fee-free CO-OP Network that provides ATM and EFT services to credit unions nationwide. Mid-America Credit Service Corporation is a subsidiary of the Mid-America Credit Union Association, the trade association for CUs in the two states.
This is CO-OP's initial foray into North and South Dakota, and within the first stages of the agreement, Flasher Community Credit Union in North Dakota has already signed a five-year full processing agreement.
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"CO-OP is perfect for a small credit union like us," said Darla Schafer, manager of Flasher Community Credit Union, located 25 miles outside of Bismarck, N.D. "We were looking for an ATM and debit card program and CO-OP offered us the product at a very reasonable price. They've been great to work with and very helpful from the outset."
CO-OP Financial Services operates CO-OP Network, which consists of more than 25,000 surcharge-free ATMs in 50 states and Canada. Additionally, CO-OP Shared Branching provides access to more than 2,000 branches in the U.S., and the organization offers 38 products and services, including PIN and signature debit, card management services and risk management tools.
"The folks at Mid-America Credit Union Association (which represent nearly 100 credit unions in the Dakotas) are already working hard to market CO-OP throughout the region, helping us spread our message of credit union cooperation," says CO-OP CEO Stan Hollen. "Our core philosophy is to help the credit union movement and the cooperative spirit grow and prosper by providing the tools our membership needs to succeed in today's marketplace."
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