Michigan credit unions have the answer for consumers interested in avoiding ATM surcharges — join a credit union.
Credit Union ATM Alliance, developed by Service Centers Corporation’s SC24 EFT network and the Michigan Credit Union League, has merged into Alliance One — the selective-surcharge ATM group based in Columbus, Ohio. The merger brings to more than 600 the number of participating financial institutions and more than 1,625 ATMs now in the Alliance One group. The merger has added almost 300 credit unions and more than 800 ATMs into the fold.
For consumers — specifically members of participating credit unions — the expanded alliance translates into double the access to surcharge-free ATMs. Alliance One network members enjoy surcharge-free ATM transactions in 22 states and Germany, with Michigan, Ohio, Kentucky, West Virginia and Indiana having the most participating credit unions. Consumers can locate participating credit unions and surcharge-free ATM sites by logging on to [http://www.mcul.org] and clicking the “ATM Search Engine” button.
The alliance was formed to provide credit unions the ability to offer members access to surcharge-free ATM terminals — even when traveling, but now includes other types of financial institutions, such as, community banks and thrifts.
Members of participating credit unions now need only look for the deep blue and white Alliance One logo to locate a non-surcharging machine. Those members can use the ATM free of surcharges, even if the ATM owner decides to surcharge other cardholders.
“The overwhelming majority of credit union leaders are united in their support of forming non-surcharging alliances within the credit union community,” said Dan Balagna, president and chief executive officer for SCC, which operates the SC24 EFT network, a credit union-owned EFT network. “We think that Alliance One has become a strong Midwest selective-surcharge group that has potential to expand regionally and nationally.”
“Michigan credit unions are committed to improving service for credit union members everywhere,” said David Adams, president and chief executive officer for the MCUL. “Alliance One allows credit unions to cooperate to provide an expanded network of surcharge-free ATMs to the individual members. This alliance reinforces the value of being a credit union member.”
Organized in 1934, the Michigan Credit Union League is a statewide trade association representing Michigan credit unions. Based in Northville Township with a satellite office in Lansing, the MCUL offers credit unions assistance in the areas of regulatory compliance, legislative advocacy, media advocacy, education and operational information. Visit the League Web site at [http://www.mcul.org] .
Service Centers Corporation is a not-for-profit credit union service organization (CUSO) owned and governed by over 240 credit unions with collective assets of over $18.9 billion and over 3.8 million members. In addition to its SC24 ATM network, SCC pioneered the nation’s first credit union shared branch network 25 years ago. SCC has 20 shared branches in Michigan and operates four shared branches in Virginia and Maryland near Washington, D.C., through a business alliance with Encore Branch Services Corporation, another CUSO based in Falls Church, Virginia. SCC’s SC24 ATM network serves over 200 credit unions with nearly 600 ATMs and can be found on its Web site [http://www.scc-sc24.org] . A list of the Alliance One ATMs is available on the Michigan Credit Union League Web site, [http://www.mcul.org] . SCC is an equal partner in the national shared branching network organization, Credit Union Service Centers Network, Inc. (CUSCNI), and a shareholder in Member Access, the national ATM network for credit unions.