The two announced a “reciprocal marketing arrangement” under which members of credit unions that participate in Credit Union 24 will be able to use the surcharge-free ATMs from credit unions that participate in Alliance One without their credit unions paying Alliance One a utilization fee.
Likewise, credit unions which participate in Alliance One through membership in the Corporate One Federal Credit Union will be able to add Credit Union 24 to their ATM programs and receive a $300 rebate on their set-up fees.
“According to our recent credit union industry survey, ATM usage among credit union members remains steady, with fewer credit union leaders citing a decrease in ATM usage, as behavior was trending in the past,” said Jim Park, CEO of Credit Union 24.
“This combined with national trends illustrate how consumers are continuing to rely more heavily on cash-based transactions, dictated the need for our industry to maintain and expand fee-free ATM access for our members,” Park said.
Lee Butke, CEO of Corporate One, said, ”Providing credit unions with expanded ATM and POS access helps them compete with larger financial institutions and provide the very best services to their members. Credit Union 24's philosophy of focusing on the credit union and their cardholders is so closely matched with ours that working together to provide additional ATM/POS and surcharge-free locations was a natural fit.”
Credit Union 24 claims 100,000 ATM terminals in financial institutions and retailers across the country. Alliance One claims 5,000 fee-free ATM terminals in 43 states.
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