ATM deposits at 7-Eleven

CO-OP Financial Services, which operates CO-OP Network and its 25,000 surcharge-free ATMs, announced that deposit-taking capability is now available at Vcom® kiosks in more than 2,200 7-Eleven® stores. Twenty six million  credit union members whose cards bear the CO-OP Network logo now have the ability to make deposits at the machines, which are located throughout 12 states.

Vcom machines, which are proprietary to the 7-Eleven network operator Cardtronics, provide customers with financial services, including conducting ATM transactions, cashing checks and money transfers. The kiosks use check imaging technology for deposits, allowing users to insert checks directly into the machine without an envelope and receive an image of the check on their receipts.

“CO-OP’s two-and-a-half year partnership with 7-Eleven and Cardtronics provides our members surcharge-free ATM access at 5,500 stores throughout the U.S., which already

includes the Vcom kiosks,” said Stan Hollen, CO-OP Financial Services president/CEO. “This new facet of our relationship is a real coup for the credit union industry. We’re able to give our members’ cardholders a competitive edge in the marketplace with more than 2,200 new 7-Eleven deposit locations and 9,000 deposit locations nationwide.

“If a member needs to make a check deposit, they can add 7-Eleven to their list of places they know they can stop.  The ease of being able to make a deposit or get cash, then grab

coffee or the paper all in one place, meets the needs of our always-on-the-go society.” 7-Eleven, based in Dallas, Texas, is the largest chain in the convenience retailing industry, with 7,500 stores in North America. The deposit-taking Vcom machines are located in Arizona, California, Colorado, Delaware, Florida, Maryland, Oregon, Pennsylvania, Texas, Utah, Virginia and Washington.

Established in 1981 and located in Rancho Cucamonga,  CO-OP Financial Services (formerly CO-OP Network) is the nation’s largest credit union service organization. Wholly-owned by its credit union shareholders, CO-OP provides volume discounts on products and services that include ATM network access, ATM processing, debit/card services and shared branching. With nearly 3,000 credit union members, 25,000 surcharge-free ATMs (including 9,000 deposit-taking), 120 million-plus monthly transactions and 26 million cardholders, CO-OP Financial Services is the No. 1 credit union EFT network and processor in the  U.S. financial services industry.

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