CO-OP Network, which is operated by CO-OP Financial Services, has welcomed $1.6 billion State Employees Credit Union of Maryland (SECU) to its national surcharge-free ATM network. Headquartered in Baltimore, SECU’s 248,000 members gain access to 490 CO-OP Network ATMs in Maryland and 25,000 surcharge-free machines across the U.S.
CO-OP Network, which consists of ATMs in 50 states and 10 countries, has a partnership with 7-ElevenÂ® that provides surcharge-free ATM access for 24 million credit union cardholders at 5,500 7-Eleven locations across the country.
“CO-OP’s partnership with 7-Eleven is what ultimately sold us on the deal,” said Hank Madera, SECU vice president, operations. “We provide our members access to more machines (91 ATMs) than any other credit union or ATM network in the local area. Now, 7-Eleven will supply 304 more locations in Maryland, where our members can withdraw their money.
“Another reason why we opted to add CO-OP Network ATMs to our comprehensive list of member benefits is because CO-OP’s values parallel ours – throughout SECU’s history, our focus has been to provide excellent service and fairly-priced, quality products and services for our member- owners. Since CO-OP is credit union-owned, we know it’s an organization that understands our needs.”
Founded in Baltimore in 1951, SECU is the largest credit union in Maryland and is ranked 49th in total assets in the U.S.
“When credit unions sign up for a CO-OP Financial Services product or service, we don’t view them as customers – they’re valued member-owners,” said Stan Hollen, CO-OP Financial Services president/CEO. “They know we keep working for them once a deal is signed and that we’ll continue to identify ways to help them better serve their members.
“Whether partnering with more credit unions and retailers, or uncovering new technologies for making transactions, CO-OP is dedicated to giving CO-OP Network members safe, convenient places to access their money. SECU shows this same commitment to its members so I’m confident this will be a beneficial partnership for each of our organizations.”
About CO-OP Financial Services
Established in 1981 and located in Ontario, Calif., CO-OP Financial Services (formerly CO-OP Network) is the nation’s largest credit union service organization. Wholly-owned by its credit union shareholders, CO-OP provides volume discounts on products and services that include ATM network access, ATM processing, debit/card services and shared branching. With nearly 2,000 credit union members, 25,000 surcharge-free ATMs (including 6,000 deposit- taking), 120 million-plus monthly transactions and 24 million cardholders, CO- OP Financial Services is the No. 1 credit union EFT network and processor in the U.S. financial services industry. CO-OP Financial Services’ membership has access to 800,000 ATMs worldwide through links to NYCE, STAR, Cirrus, Pulse and Plus.