WILMINGTON, Del. -- Money Access Service Inc., operator of the MAC automated teller machine network, said it has signed the first credit union to its self-service banking program known as MAC Icon.
The program gives customers access to check-cashing terminals and other automated banking and payment services around the clock.
Citadel Federal Credit Union in Thorndale, Pa., joins about 13 other institutions participating in the advanced delivery system, which also allows them to issue MAC cards instantaneously in their branches.
|Powerful Competitive Tool'
"In the fast-paced lifestyle of the 1990s, any service or product that offers greater convenience is a powerful competitive tool," said Jeff March, executive vice president of the credit union.
The institution has $150 million of assets, 43,000 members, and a "progressive" reputation, Mr. March said.
"We anticipate that Citadel will be the first of many credit unions to realize the benefits of this next stage in the evolution of the ATM industry," said Michael L. Douglas, president and chief executive officer of the MAC network.
The network is owned by Electronic Payment Services Inc., a joint venture of CoreStates Financial Corp., Banc One Corp., PNC Bank Corp., and Society Corp.