The CO-OP Network said it established a record annual transaction volume during 2002, the 10th consecutive year it has done so. The 640-million transactions in 2002 represented a 34% increase over 2001.
"The long-standing CO-OP Network blueprint for growth has helped carve a presence in 50 states, Washington D.C., six Canadian provinces, Puerto Rico and even into Japan and Italy," said CEO Robert Rose. "CO-OP Network now boasts more ATM locations than the largest bank in the U.S., and has survived the consolidation craze to become the only EFT network that is owned and controlled by credit unions."
The CO-OP has 1,165 member credit unions, 15,000 surcharge-free ATMs, an average of 53 million monthly transactions and 12 million cardholders.