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Co-Op offers surcharge-free ATM use at Costco
December 11, 2007
RANCHO CUCAMONGA, Calif. — Co-Op Financial Services, which operates the Co-Op Network, now offers surcharge-free ATM access at 341 Costco Wholesale membership warehouses in 35 states.
The ATMs will be branded with Co-Op signage, Co-Op says.
"While more than 80 percent of Co-Op Network transactions are performed at credit union ATMs, our members have asked us to create strategic partnerships with retail chains where their cardholders already conduct business day-to-day," said Stan Hollen, Co-Op Financial Services's president and chief executive. "We started by providing surcharge-free ATM access at 5,500 7-Eleven locations across the country, a relationship we began two years ago that now produces more than 2 million transactions every month."
Costco, based in Issaquah, Wash., is the largest membership-warehouse chain in the United States, with 383 warehouses nationwide.
Cardtronics, which manages Costco's ATM portfolio, provides Co-Op Network with ATM access at virtually all locations outside Washington, Oregon andHawaii, where pre-existing agreements were already in place.
POS / Point of PurchaseRetail - WarehouseKiosks / Self-ServiceRetail - Supermarkets & Grocery StoresATMs
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