CO-OP Financial Services to Introduce Reloadable Prepaid Card

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services said it will offer a reloadable prepaid card to credit unions beginning in the fourth quarter of this year. Among the card’s features will be the ability to offer members in-branch load and reload, direct deposit capabilities, personalization and online tracking. "The prevailing trend among people 30 and under is to carry less cash in their wallet and to rely on plastic for even the smallest purchases," said Stan Hollen, president and CEO of CO-OP Financial Services. "The features that will be offered on the CO-OP Reloadable Prepaid Card will allow younger consumers, as well as anybody who prefers to carry little or no cash, to experience a higher level of security, convenience and financial control." Members will be able to use the card anywhere MasterCard or Visa debit cards are accepted, and also can be used to obtain cash at all of CO-OP Network's 25,000 surcharge-free ATMs around the country.