CO-OP Financial Services

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This article is about the North American interbank network. For the UK Co-operative Society, see Co-operative Financial Services.
CO-OP Financial Services
COOPFinancialServicesLogo.png
Operating area United States, Canada
Members 1,871
ATMs 30,000
Founded 1981 (as CO-OP Network)
Website co-opfs.org

CO-OP Financial Services, formerly known as CO-OP Network, is an interbank network connecting the ATMs of credit unions in the United States, with locations also in Canada and certain United States Navy bases overseas. It is the largest credit union-owned interbank network in the US.[1]

It is headquartered in Rancho Cucamonga, California.[2]

History[edit]

  • 1981: The CO-OP Network begins, when 20 credit unions in California unite their 32 ATMs.
  • 1986: The first CO-OP ATMs are deployed at 7-Eleven stores.
  • 2002: The network includes its first Canadian member, CS CO-OP.

Shared branching[edit]

CO-OP Financial Services also provides what the company calls shared branching, through its subsidiary Service Center Corporation, acquired in 2002. Members of 1,800 credit unions can perform most teller transactions at any one of the network's 5,200 branches. This system was founded in 1975 by five Detroit-area credit unions to minimize costs associated with having their own branches.[1]

References[edit]

External links[edit]