SFS PARTNERS WITH CO-OP FOR CUs
updated 06/18/14 11:26 AM
Kansas Association Will Promote
CO-OP Financial Services has reached its first partnership agreement with Shared Financial Solutions (SFS), in which the service corporation of the Kansas Credit Union Association (KCUA) will exclusively promote CO-OP ATM and CO-OP Shared Branch to its member credit unions.
“We are partnering with CO-OP because we wanted to provide a way for our Kansas credit unions to give their members more access points,” said Marla Marsh, President and CEO of KCUA.
“Only about one-third of Kansas credit unions participate in CO-OP’s surcharge-free ATM and shared branching networks,” said Marsh. “The more credit unions participating, the more member access is opened in Kansas and nationwide, which is mandatory today to compete successfully. Many credit union members feel they need to close their account if they move away from Kansas. With CO-OP’s nationwide access and large number of outlets, they don’t have to.”
“It’s great to have KCUA as our partner in Kansas for CO-OP ATM and CO-OP Shared Branch,” said Stan Hollen, CEO of CO-OP. “We believe we can play a key role in helping KCUA fulfill its mission to support the credit union cooperative system and generate healthy growth strategies for credit unions in The Sunflower State.”
. CO-OP ATM is a nationwide-network of 30,000 ATMs, 9,000 of which are deposit-taking, available surcharge-free to the members of participating credit unions. It is the nation’s largest credit union-only network of ATMs. CO-OP Shared Branch is the only financial institution network with branches in all 50 states, with 5,000 “live-teller” branches.