CO-OP Network reached an agreement with WesCorp and its Pacific Operations Division to become partners in serving 27 credit unions located throughout the Hawaiian Islands and Guam. These credit unions are slated to become the first South Pacific financial institutions to join the nation’s no. 1 credit union ATM network.
WesCorp, America’s largest corporate credit union, which serves its member credit unions throughout the Pacific Region from its division office in Honolulu, Hawaii, recently became a CO-OP Network shareholder and has maintained a close business relationship with the Ontario, Calif.-based organization for more than 20 years.
“WesCorp is excited to partner with CO-OP Network because the network is credit union owned and operated, offers competitive pricing and system interfaces, and is built on 23 years of extensive experience,” said Rand N. Yamasaki, WesCorp’s Senior Vice President of Pacific Operations. “Offering
CO-OP Network is another way we enhance long-term cost savings and the range of services we provide to our members, particularly when they travel to the mainland where CO-OP Network membership includes surcharge-free ATM access throughout the entire country.”
CO-OP Network has deployed 41 ATMs in Hawaii since 2001, and the WesCorp partnership brings 39 more into their nationwide surcharge-free network of 18,000 ATMs. Additionally, effective immediately, CO-OP Network will provide full ATM and debit card processing for its 27 newest member credit unions.
“For the last couple of years we’ve been focused on creating business opportunities in Hawaii,” says Robert Rose, CEO of CO-OP Network, which now has member credit unions in 41 states as well as ATMs in 50 states. “WesCorp helped us open the door to the Islands, and we now plan to aggressively pursue expansion throughout the state.”
CO-OP Network ([www.co-opnetwork.org]), established in 1981 and located in Ontario, Calif., is wholly-owned by its credit union shareholders and provides volume discounts on products and services that include risk management as well as debit and deposit access. With more than 1,500 credit union members and 18,000 surcharge-free ATMs, 80 million monthly transactions and 18.5 million cardholders, CO-OP Network is the No. 1 credit union EFT network in the U.S. financial services industry. CO-OP Network, whose membership has access to 800,000 ATMs worldwide through links to NYCE, STAR, Cirrus, Pulse and Plus, also offers national shared branch services via its subsidiary, Service Centers Corporation, based in Southfield, Mich.
WesCorp is Western Corporate Federal Credit Union-America’s largest corporate credit union, serving more than 1,000 member/owner credit unions located throughout the United States and Guam. As a financial-services cooperative with approximately $24 billion in assets, WesCorp operates under all authorities granted by The National Credit Union Administration, providing an array of investment, credit, funds-transfer, payment, and settlement services, including educational conferences and publications. Headquartered in San Dimas, California, WesCorp also provides member service through offices in Boise, Idaho; Honolulu, Hawaii; San Leandro, California; and Seattle, Washington. Visit [www.wescorp.org] for more information.