Star One CU Introduces CO-OP My Deposit (Powered by Ensenta) to Its Worldwide Membership
June 24,2008
Top-20 Credit Union Now Offers 2 Image-Enabled Products From CO-OP Financial Services - CO-OP ATM Check Imaging And CO-OP My Deposit
RANCHO CUCAMONGA, Calif. – Star One Credit Union, a top-20 credit union based in the heart of Northern California's Silicon Valley, has begun offering CO-OP Financial Services' "CO-OP My Deposit" product for use at home. Star One, a CO-OP member since 1997, is actually now utilizing a pair of CO-OP's check imaging-enabled products -- at home and the ATM. Additionally, according to Star One Vice President Margarete Mucker, the $3.7 billion (in assets) organization with 77,000 members across the world has also opted to use CO-OP for its ATM driving.
"As the Silicon Valley's largest member-owned financial institution, Star One has been built on a foundation of strength and stability," says Mucker, whose home branch is based in Sunnyvale, Calif. "CO-OP, with its proven technology and unrivaled record within the credit union industry, provides us with a stable source for many of our long-term financial solutions.
"We started solely as a PIN-based client with CO-OP, and recently have added ATM driving and the image enabled products. It simply makes sense to have all of these delivery channels handled by CO-OP."
CO-OP, which provides over 40 financial products and services to a membership of 25,000 credit unions nationwide, is the first credit union ATM processor to address Check 21 legislation by offering envelope-free deposits that capture, process and clear digital check images. CO-OP ATM Check Imaging, CO-OP Fast Branch (kiosks) and CO-OP My Deposit are the current offerings, with retail and branch check imaging products set to debut later this year.
"Star One is the leading credit union in the world's high-tech hub, so we're proud that they're among the first financial institutions to offer a collection of our breakthrough check imaging products," says CO-OP President/CEO Stan Hollen.
About CO-OP Financial Services
Established in 1981 and located in Rancho Cucamonga, Calif., 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 2,800 credit union members, more than 25,000 surcharge-free ATMs (including 6,500 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. CO-OP Financial Services' membership has access to 800,000 ATMs worldwide through links to NYCE, STAR, Cirrus, Pulse and Plus.
About Star One Credit Union
Star One Credit Union was (chartered) in 1956 as a member-owned cooperative and has grown to become the largest credit union headquartered in the Santa Clara County and seventeenth largest in the nation. Star One Credit Union offers a wide range of financial services, including high yield deposit accounts, low-rate consumer and real estate loans, electronic banking services and free ATM access. Star One has branches in Sunnyvale, Cupertino, Palo Alto and San Jose California and serves more than 77,000 members nationwide.
RANCHO CUCAMONGA, Calif. – Star One Credit Union, a top-20 credit union based in the heart of Northern California's Silicon Valley, has begun offering CO-OP Financial Services' "CO-OP My Deposit" product for use at home. Star One, a CO-OP member since 1997, is actually now utilizing a pair of CO-OP's check imaging-enabled products -- at home and the ATM. Additionally, according to Star One Vice President Margarete Mucker, the $3.7 billion (in assets) organization with 77,000 members across the world has also opted to use CO-OP for its ATM driving.
"As the Silicon Valley's largest member-owned financial institution, Star One has been built on a foundation of strength and stability," says Mucker, whose home branch is based in Sunnyvale, Calif. "CO-OP, with its proven technology and unrivaled record within the credit union industry, provides us with a stable source for many of our long-term financial solutions.
"We started solely as a PIN-based client with CO-OP, and recently have added ATM driving and the image enabled products. It simply makes sense to have all of these delivery channels handled by CO-OP."
CO-OP, which provides over 40 financial products and services to a membership of 25,000 credit unions nationwide, is the first credit union ATM processor to address Check 21 legislation by offering envelope-free deposits that capture, process and clear digital check images. CO-OP ATM Check Imaging, CO-OP Fast Branch (kiosks) and CO-OP My Deposit are the current offerings, with retail and branch check imaging products set to debut later this year.
"Star One is the leading credit union in the world's high-tech hub, so we're proud that they're among the first financial institutions to offer a collection of our breakthrough check imaging products," says CO-OP President/CEO Stan Hollen.
About CO-OP Financial Services
Established in 1981 and located in Rancho Cucamonga, Calif., 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 2,800 credit union members, more than 25,000 surcharge-free ATMs (including 6,500 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. CO-OP Financial Services' membership has access to 800,000 ATMs worldwide through links to NYCE, STAR, Cirrus, Pulse and Plus.
About Star One Credit Union
Star One Credit Union was (chartered) in 1956 as a member-owned cooperative and has grown to become the largest credit union headquartered in the Santa Clara County and seventeenth largest in the nation. Star One Credit Union offers a wide range of financial services, including high yield deposit accounts, low-rate consumer and real estate loans, electronic banking services and free ATM access. Star One has branches in Sunnyvale, Cupertino, Palo Alto and San Jose California and serves more than 77,000 members nationwide.