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 the country.
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,
CU24 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 and overseas.
To provide the expertise and services to help small to midsize credit unions compete
and improve their members' lives.
CU24 Quick Facts
Headquarters: Tallahassee, Fla.
CEO: Mansel Guerry
Chairman of the Board: Bradley Blake
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.
450+ 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 the country.
CUSO Structure: As a credit union service organization, Credit
Union 24 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.