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CUs Scrambling For ATM Access

Credit unions that have been partnering with Keybank for surcharge-free ATM access are looking for other partners for access after the bank sent them a letter saying that it was ending its surcharge-free access program.

By David Morrison | Updated on March 22, 2009

Credit unions that have been partnering with Keybank for surcharge-free ATM access are looking for other partners for access after the bank sent them a letter saying that it was ending its surcharge-free access program.

The letter did not give a reason for the pullout, but its Website has reported that the bank, which reported assets of $105 billion as of the end of last year had also lost $524 million in the last quarter of last year. The bank has announced it will share is first-quarter earnings on April 21 of this year.

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