Diebold, Premier Community Credit Union Debut Shared Branch ATM
CO-OP NextGen ATM solution moves Shared Branching convenience to self-service
Diebold and Premier Community Credit Union deploy first ATMs allowing complete
account access to members of participating credit unions
NORTH CANTON, Ohio, April 2, 2013
NORTH CANTON, Ohio, April 2, 2013 /PRNewswire/ --Diebold, Incorporated (NYSE:
DBD) and CO-OP Financial Services are bringing the convenient credit union
shared branching model to the self-service channel. Diebold is installing two
new Opteva® automated teller machines (ATMs) featuring the CO-OP NextGen ATM
shared branching solution at Premier Community Credit Union's new Lodi,
Calif., branch. The solution enables members of participating CO-OP Shared
Branching credit unions access to other credit union accounts or sub-accounts
such as a CD or an IRA using Premier Community's ATMs. Standard ATMs can
normally only access accounts linked to an ATM/debit card limiting most
transactions to checking and savings accounts. The ATMs further enhance
convenience with Diebold's deposit automation technology.
With the introduction of the CO-OP NextGen ATM solution enabled by the
partnership by Diebold, Premier Community is one of the first credit unions to
fully deploy shared branching at the ATM.
Based in Stockton, Calif., Premier Community serves residents and employees
based in San Joaquin County, Calif. The credit union designed its new Lodi
branch to offer enhanced efficiencies for members and non-members alike. The
shared branch ATMs feature deposit automation technology, which allows members
– and members of participating CO-OP Shared Branching credit unions – to
complete envelope-free cash and check deposits. The ATMs automatically process
deposited notes and checks, along with many other transactions, allowing
Premier Community members more flexibility at a self-service device.
"CO-OP NextGen ATMs give us the opportunity to be at the forefront of
delivering enhanced convenience and better services for not only our members,
but members of other credit unions as well," said Paul Yang, president/chief
executive officer, Premier Community Credit Union. "With deposit automation,
we're introducing even greater convenience via a 24/7 channel for conducting
efficient teller-like transactions."
As the industry's only shared branching solution for ATMs, CO-OP NextGen ATM
offering helps credit unions extend their reach and deliver more of the
convenience members expect from full-service financial institutions. Shared
branch ATMs provide credit union members with additional options to conduct
transactions through more locations and extended hours of operation. While
Premier Community's shared branch ATMs are new terminals, credit unions can
add shared branching to existing Diebold Opteva^® ATMs.
"Driven by CO-OP, Diebold's shared branch ATM solution transitions routine
shared branching transactions from the teller line to the low-cost
self-service channel," said Mychal D. Kempt, vice president, North American
operations, Diebold. "Doing so allows credit unions to migrate the servicing
of shared branch members to the ATM, giving credit unions more time to spend
on complex member transactions."
Premier Community is also enhancing security and efficiency at its Lodi branch
with a Diebold Express Cash Recycler. The teller automation solution, which
accepts cash, verifies note authenticity, sorts notes by denomination and
reuses them for withdrawals, is shared between the branch's two counterless
teller stations. Within the branch's open environment, the recycler also
serves a security role, storing cash securely at the point of transaction.
About Premier Community Credit Union
Founded as Stockton Teachers Credit Union, Premier Community Credit Union was
chartered in 1931. Focusing on the credit union philosophy of "people helping
people," Premier Community Credit Union provides innovative financial products
and services with professionalism and the best possible service to all
members. Based in Stockton, Calif., membership is available to anyone who
lives or works in San Joaquin County. For more information, visit
About CO-OP Financial Services
Based in Rancho Cucamonga, Calif., and founded in 1981, CO-OP Financial
Services is the nation's largest credit union service organization in terms of
number of credit unions, assets and members. The company specializes in
helping credit unions thrive by providing products and services that make it
more convenient for members to do business with them. With a motto of "Be
There. Be More," CO-OP's products fall into three business lines, including
"Locations," (ATM, shared branching and call center services); "Card Payments"
(debit and credit processing) and "Mobile/Virtual" (mobile, online, check
imaging, bill pay services). To learn more visit www.co-opfs.org.
Diebold, Incorporated is a global leader in providing integrated self-service
delivery and security systems and services. Diebold employs approximately
17,000 associates with representation in nearly 90 countries worldwide and is
headquartered in the Canton, Ohio region, USA. Diebold is publicly traded on
the New York Stock Exchange under the symbol 'DBD.' For more information,
visit the company's website at www.diebold.com or follow the company on
SOURCE Diebold, Incorporated
Contact: Media Relations, Kelly Piero, +1 330 490-3741,
firstname.lastname@example.org, or Investor Relations, Jamie Finefrock, +1 330
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