TALLAHASSEE, Fla.--(www.allCUnews.com [1])--Credit Union 24, Inc., the only national credit union-owned POS network in the U.S., is pleased to announce that Alliant Credit Union, one of the 10 largest credit unions in the U.S., is the newest member-owner of the Credit Union 24 EFT network, reflecting a recent trend that has seen large, prominent credit unions join the EFT cooperative. In addition to national, credit union-owned point-of-sale and ATM connectivity, Alliant Credit Union’s more than 200,000 members will enjoy surcharge-free access at more than 12,000 Credit Union 24 CU HERE ATMs across the country.
“The Credit Union 24 network presents us with an opportunity to expand our reach for our membership, and to do so within the credit union community,” said David Mooney, president and CEO of $4.5B Alliant Credit Union. “What’s more, Alliant Credit Union and Credit Union 24 are both member-owned cooperatives, so we share the same ideals of economy and control.”
Alliant Credit Union is the 26th credit union to become part of the Credit Union 24 EFT network in 2007 and joins other recent new participants such as $1.6B Tower Federal Credit Union as network shareholders.
“We’re very pleased that Alliant Credit Union has joined our cooperative,” said Jim Park, Credit Union 24’s president and CEO. “As one of the country’s top-10 credit unions, Alliant had a number of options available to them. Their decision illustrates that the benefits derived from a member-owned cooperative are for credit unions of all sizes.”
Park attributes the network’s continued growth to a surge in the perceived value of ownership within the credit union movement. “Credit unions are seeing a lot of consolidation in the industry, so the ability to have a voice in the EFT arena through a member-owned cooperative is becoming more and more important,” said Park.
About Credit Union 24, Inc.
Credit Union 24 is a flexible, member-owned, full-service, deposit-taking ATM and POS network with multiple processor links, hundreds of thousands of POS locations and more than 100,000 ATM terminals across the country. Credit Union 24’s voluntary CU HERE surcharge-free program is part of one of the largest fee-free ATM networks in the country, and includes both on- and off-premise surcharge-free terminals. Headquartered in Tallahassee, Fla., the Credit Union 24® Network is a strong, growing and independent EFT cooperative, and is the only national, credit union-owned POS network in the U.S.
About Alliant Credit Union
Alliant Credit Union is a not-for-profit financial cooperative headquartered in Chicago, Ill. Organized in 1935, Alliant ranks as the eighth largest credit union in the nation and serves more than 207,000 members worldwide with approximately $4.5 billion in assets.
Contacts
For Credit Union 24, Tallahassee
The Dalton Agency
Reese Riggle, 904-398-5222 ext. 226
rriggle@daltonagency.com [2]
Links:
[1] http://www.allCUnews.com
[2] mailto:rriggle@daltonagency.com
[3] http://www.allcunews.com/taxonomy_vtn/term/1674
[4] http://www.allcunews.com/taxonomy_vtn/term/44
[5] http://www.allcunews.com/taxonomy_vtn/term/37
[6] http://www.allcunews.com/taxonomy_vtn/term/69
[7] http://www.allcunews.com/taxonomy_vtn/term/58
[8] http://www.allcunews.com/taxonomy_vtn/term/46
[9] http://www.allcunews.com/taxonomy_vtn/term/30
[10] http://www.allcunews.com/taxonomy_vtn/term/1675
[11] http://www.allcunews.com/taxonomy_vtn/term/2
[12] http://www.allcunews.com/taxonomy_vtn/term/27
[13] http://www.allcunews.com/taxonomy_vtn/term/130
[14] http://www.allcunews.com/taxonomy_vtn/term/68
[15] http://www.allcunews.com/taxonomy_vtn/term/41
[16] http://www.allcunews.com/taxonomy_vtn/term/42
[17] http://www.allcunews.com/taxonomy_vtn/term/1673
[18] http://www.allcunews.com/taxonomy_vtn/term/1520