CO-OP Financial Services

Written by Carly Simon-Gersuk

Credit unions understand customers demand for easy access to their accounts wherever they live, work or travel. While the use of mobile and online banking is convenient, there are still needs for going into a branch or to an ATM. As a result, credit unions have combined resources to create the CO-OP Financial Services. By meeting the needs of customers, the CO-OP network provides access to accounts and conducts business nationwide at any credit union location within the shared branch network.

Started in 1981 in California with 20 ATMs, today the CO-OP ATM network has expanded to over 30,000 surcharge-free ATMs in all 50 states and 10 countries. The network also expands to over 6,000 branches across the U.S. Larger than any bank’s ATM and branch networks. These ATMs can be found at credit union branches, convenience stores, and other locations.

With access to your accounts nationwide, and in select countries, let’s discuss the activities you can conduct while visiting any shared branch.

Deposits and withdrawals – While most ATMs are surcharge-free, visiting a branch gives customers the chance to make basic transactions such as cash or check deposits, and cash withdrawals.

Transfer between accounts – Transferring funds can easily be done with mobile banking, but for assistance to move money between checking or saving accounts any participating branch can simply help.

Pay loans – When your payment due date is approaching make sure the funds are transferred instantly by heading into a branch. Even though it may not be the credit union your loan is from, the CO-OP network enables you to make your payment so that you can avoid late fees and other penalties. 

Check your balance – To find out how much money you have and what transactions have cleared your account, a representative at a branch is there to help you get the information you want sooner. Many can also provide a statement of recent transactions. 

Aside from the activities you can do, there are few limitations when using a shared branch. For one, withdrawals may be limited to a certain amount. Second, you may not be able to open a new account at your home branch while you’re visiting a shared branch. Although, check with your credit union to discuss easy and convenient options for opening a new account, such as over the phone. 

While credit unions are smaller, community-centered institutions, the use of shared branching enables customers to conduct business where they need, when they need. So it is no lie that with the CO-OP Financial Services, you have access to a significant number of locations. Check out today to see how many branches and ATMs are near you!


Written Carly Simon-Gersuk