Corporate Profile

What is service without reach?
That is the question that four Central Florida credit unions aimed to solve in 1981 when they established Credit Union 24 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, nearly 30 years later, Credit Union 24 boasts the nation’s largest surcharge-free ATM network in the country, as well as the nation’s only credit-union owned point-of-sale network, with hundreds of thousands of POS locations across the country.

Incorporated in 1998, Credit Union 24 has grown into a strong, member-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, Credit Union 24 is service with reach.
Based in Tallahassee, FL, Credit Union 24 has more than 450 credit unions in its network and POS and ATM access in all 50 states, the District of Columbia and overseas.

The Credit Union 24 Philosophy

Mission Statement
The mission of Credit Union 24 is to provide low-cost access to high-quality EFT services and to be a flexible, dependable partner to the credit union community.

Credit Union 24 Quick Facts
Headquarters: Tallahassee, Fla.
Established: 1980
CEO: James H. Park
Chairman of the Board: Mansel Guerry
Products and services: EFT Solutions: ATM/POS Network, Surcharge-Free ATM Network, Merchant POS Program, Independent Sales Organizations Program, Card Services.

Credit Union 24 By The Numbers
100,000+ ATM terminals located throughout all 50 states and multiple international locations, including Canada, Guam, Portugal, Puerto Rico, Japan and the United Kingdom.
450+ Credit Union 24 participating credit unions located in 28 states and the District of Columbia
280 Credit Union 24 shareholding credit union participants
Over 50,000 Surcharge-free ATMs in the Credit Union 24 CU HERE Premium network

Credit Union 24 Advantages

Point-Of-Sale: The nation’s only 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, Credit Union 24 enjoys priority routing with many retailers, leading to more captured transactions, greater network volume and increased interchange revenue for credit unions.

CU HERE Premium Surcharge-Free Credit unions exist to provide for their members and Credit Union 24’s CU HERE Premium program helps 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, the CU HERE Premium surcharge-free ATM program allows 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 members, and distributes its profits to its shareholding credit unions. Over the past three years Credit Union 24 has paid out over $14.75 million in dividends and rewards. Furthermore, each stockholding participant has an equal voice on stockholder matters, regardless of the institution’s asset size.

Network Growth: By maintaining close relationships with independent sales organizations, payment processors and merchants, Credit Union 24 has aggressively expanded its ATM and POS networks, leading to consistent growth in participating credit unions.