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Rhode Island Credit Union Takes Single Big Step, Joins CO-OP Shared Branching and Co-Op Network at Same Time
Instantly Adds 5,000 Branches and 30,000 Surcharge-Free ATMs
RANCHO CUCAMONGA, CA (June 3, 2013) In a single big step, Rhode Island Credit Union has added more than 5,000 branches and 30,000 ATMs nationwide to its roster of member services.
The 67-year-old credit union has simultaneously joined CO-OP Shared Branching and CO-OP Network, the two best known consumer brands in the credit union industry, operated by CO-OP Financial Services.
Founded in 1946 and based in Providence, R.I., Rhode Island Credit Union (www.ricreditunion.org) has more than $240 million in assets and services more than 25,000 members.
“Our partnership with CO-OP Shared Branching allows our members to have access to their accounts at thousands of convenient locations to perform transactions including deposits, withdrawals and loan payments,” said David B. Suvall, President/CEO of Rhode Island Credit Union. “And, as CO-OP Network is larger than any major bank network of ATMs, we can now provide our members with added convenience and save them money by offering 30,000 additional surcharge-free ATMs.”
CO-OP Network includes 9,000 deposit-taking ATMs. CO-OP Shared Branching includes more than 2,000 self-service locations at credit union branches and in select 7-Eleven stores nationwide. CO-OP Network and CO-OP Shared Branching locations can be found in all 50 states via locators at http://www.co-opnetwork.org and http://co-opsharedbranching.org, respectively.
In late April, CO-OP Financial Services announced a two-year consumer rebranding program for both CO-OP Shared Branching and CO-OP Network. Consumer-facing branding for shared branching locations will become CO-OP Shared Branch and the ATM network will be known as CO-OP ATM.
For more information, visit www.co-opfs.org.
About CO-OP Financial Services
Based in Rancho Cucamonga, Calif., and founded in 1981, CO-OP Financial Services is the nation’s largest credit union service organization in terms of number of credit unions, assets and members. The company specializes in helping credit unions thrive by providing products and services that make it more convenient for members to do business with them. With a motto of “Be There. Be More,” CO-OP’s products fall into three business lines, including “Locations,” (ATM, shared branching and call center services); “Card Payments” (debit and credit processing) and “Mobile/ Virtual” (mobile, online, check imaging, bill pay services). To learn more visit www.co-opfs.org.