TUKWILA, Wash. – Member Access Pacific, a provider of card processing and ATM services to credit unions, has signed an ATM-access agreement with MoneyPass ATM Network, a national, surcharge-free ATM network, the two companies announced yesterday.
Under the deal, Member Access Pacific's 35-plus member credit unions and their cardholders can pay reduced fees to access more than 11,000 MoneyPass ATMs nationwide. MoneyPass charges credit unions quarterly per cardholder.
The agreement gives member credit unions a 35% savings on fees if they choose to join MoneyPass. Additional credit unions that join with Member Access also can have the preferred pricing structure.
The companies said the agreement allows a small credit union with a small portfolio of cards the ability to obtain large-institution pricing benefits that they might not otherwise get.
MoneyPass is a unit of U.S. Bancorp’s Elan Financial Services subsidiary.
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