Last year, 45 credit unions joined Credit Union 24 Inc., the nation’s largest credit union-owned point of sale and surcharge-free ATM network. The credit unions, located in 19 states in the Northeast, Southeast, Midwest and Northwest, represent $4.9 billion in assets and 620,000 members, CU 24 executives said in a statement.
CU24 officials declined to disclose the number of credit unions that left the network in 2009. They also declined to disclose how many total debit cards the new credit unions issue.
“Credit unions have been seeking out alternatives for ATM and POS services as the economy has evolved, and Credit Union 24 has been able to provide credit unions with the cost-effective, customized services they need to maintain a healthy bottom line,” Jim Park, CU24 president and CEO, said in a statement.
CU24, based in Tallahassee, Fla., brands more than 500,000 point-of-sale terminals deployed by various national retailers and local merchants, and it operates CU Here, a surcharge-free ATM network that includes 50,000 machines.
