STOCKTON, Calif. Premier Community CU is piloting a new ATM developed by Diebold and CO-OP Financial Services that provides members with access to other credit union accounts or subaccounts, such as CDs and IRAs, as well as checking and savings.
Diebold is installing two new Opteva ATMs featuring the CO-OP NextGen ATM shared branching solution at Premier Community’s new Lodi, Calif., branch. Standard ATMs normally can only access accounts linked to an ATM/debit card, which limits most transactions to checking and savings accounts. The parties said these ATMs further enhance convenience with Diebold’s deposit automation technology. With the introduction of the CO-OP NextGen ATM solution, Premier Community is one of the first credit unions to fully deploy shared branching at the ATM. While Premier Community’s shared branch ATMs are new terminals, credit unions can add shared branching to existing Diebold Opteva ATMs.
“CO-OP NextGen ATMs give us the opportunity to be at the forefront of delivering enhanced convenience and better services for not only our members, but members of other credit unions as well,” said Paul Yang, president of the $120-million credit union. “With deposit automation, we are introducing even greater convenience via a 24/7 channel for conducting efficient, teller-like transactions.”
“Diebold’s shared branch ATM solution transitions routine shared branching transactions from the teller line to the low-cost self-service channel,” said Mychal Kempt, vice president, North American operations, Diebold.
Premier Community said it also is enhancing security and efficiency at its Lodi branch with a Diebold Express Cash Recycler. The company said its teller automation solution, which accepts cash, verifies note authenticity, sorts notes by denomination and reuses them for withdrawals, is shared between the branch’s two counterless teller stations. Within the branch’s open environment, the recycler also serves a security role, storing cash securely at the point of transaction, Diebold said.
