RANCHO CUCAMONGA, Calif.–CO-OP Financial Services said credit union members will save $2.5 million annually as a result of investing in the CO-OP Connect ATM telecommunications infrastructure, CO-OP said.
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CO-OP Connect was made available through its business partner Transaction Network Services mid-year 2008. Credit unions have placed more than 2,700 orders with nearly 1,300 already installed.
“The wireless and broadband solutions contained in the migration are not only very efficient, but the cost savings are dramatic,” said CEO Stand Hollen. “We plan to begin host migrations in 2010, with another substantial savings to our credit unions.”
