CUs, Banks In Joint ATM Venture At Chicago Airports
A partnership between two credit unions here and two banks has installed 14 ATMs at this city's two airports. A joint venture between Alliant Credit Union (the former United Airlines Employees CU), LaSalle Bank, minority-owned Seaway Bank, and American Airlines Credit Union is operating the ATMs, 10 of which are at O'Hare airport and four of which are at Midway Airport. The five-year airport ATM deal stems from a partnership with LaSalle Bank, which last year was awarded a City of Chicago Department of Aviation contract.
"We're pleased to join LaSalle and our other partners in this ATM agreement," says David Mooney, Alliant Credit Union CEO and president. "The emergence of these airport-based ATMs provides an incredible benefit and convenience to our airport-bound members. Perhaps best is the fact that Alliant members can use the new ATMs with no surcharge."
The measure for new Chicago airport ATMs came after the city lifted a ban on banks imposing customer surcharges on ATMs used at its two major airports. Previously, both airports had exclusive ATM agreements with American Express and US Bank (formerly Firstar Bank). The aviation department solicited new bids, eventually granting two contracts-one of which was awarded to the LaSalle consortium.