CO-OP Financial Turns ATMs Into Shared Branches

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RANCHO CUCAMONGA, Calif. – CO-OP Financial Services announced yesterday it is test-piloting software that will allow credit unions to effectively create shared branches and all their functionality from existing NCR ATMs.

The software is the first to provide shared branch functionality for the nation’s credit unions using existing terminals and infrastructure.

The software will supplement CO-OP’s Fast Branch lobby units, and will be usable on a kiosk or ATM. The software enables credit union members to perform such transactions as check and cash deposits, account inquiries, withdrawals, transfers and payments at existing ATMs. CO-OP currently has 100 of the Fast Branch units in service.

CO-OP next plans to introduce the technology to Diebold ATMs.

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