What is service without reach?
That is the question that four Central Florida credit unions aimed to solve in 1981
when they established
CU24 as a way for credit unions
to compete favorably and affordably with other financial institutions.
The goal was a flexible, shared, deposit-taking ATM network that fostered a cooperative
environment in which credit unions could implement effective and sustainable electronic
fund transfer strategies.
Now, 30 years later,
CU24 boasts the nation's largest
surcharge-free ATM network in the country, as well as the nation's largest credit-union
owned point-of-sale network, with hundreds of thousands of POS locations across
Incorporated in 1998,
CU24 has grown into a strong,
participant-owned, full-service ATM/POS cooperative serving credit unions across
the country and overseas. Network participant members enjoy the convenience of POS
access at many of the nation's most prevalent retailers, as well as an ATM network
that has a presence wherever participant members are.
With the cooperative ideals of the credit union movement – service, ownership and
self-determination – and national ATM and point-of-sale access for credit unions,
is service with reach.
Based in Tallahassee, FL,
CU24 has more than 450 credit
unions in its network and POS and ATM access in all 50 states, the District of Columbia
To provide the expertise and services to help credit unions compete and improve
their members' lives.
CU24 Quick Facts
Headquarters: Tallahassee, Fla.
CEO: Mansel Guerry
Chairman of the Board: James B. “Jimmy” Smith
Products and services: EFT Solutions: ATM/POS Network, Surcharge-Free ATM Network,
Merchant POS Program, Independent Sales Organizations Program.
CU24 By The Numbers
300,000+ ATM terminals located throughout all 50 states and multiple international
locations, including Canada, Guam, Portugal, Puerto Rico, Japan and the United Kingdom.
500+ CU24 participating credit unions located
in 26 states and the District of Columbia
280 CU24 shareholding credit union participants
Over 75,000 Surcharge-free ATMs in the CU24 CU
HERE surcharge-free programs
Point-Of-Sale: The nation's largest credit union-owned POS network
allows credit union members to pay for purchases with their debit cards at hundreds
of thousands of locations, including most major national retailers and local merchants.
With flexible programs and competitive interchange, CU24
enjoys priority routing with many retailers, leading to more captured transactions,
greater network volume and increased interchange revenue for credit unions.
CU HERE Surcharge-Free Programs: Credit unions exist to provide
for their members and
CU24's CU HERE surcharge-free
programs help its participants do that with the nation's largest surcharge-free
ATM access. Twice as large as the nearest competitor and nearly three times the
size of the largest national bank, CU HERE surcharge-free programs allow credit
union members fee-free access to their funds at on- and off-premise locations across
CUSO Structure: As a credit union service organization, CU24
works to the benefit of its network participants, and distributes its profits to
its shareholding credit unions. Network participants are offered an opportunity
during stock offerings to purchase one share of stock, giving each shareholder an
equal voice on shareholder matters, regardless of asset size.
Network Growth: By maintaining close relationships with independent
sales organizations, payment processors and merchants, CU24
has aggressively expanded its ATM and POS networks, leading to consistent growth
in participating credit unions.