HIGHLANDS RANCH, Colo. – Red Rocks CU has been chosen to pilot test a next generation ATM being developed by CO-OP Financials Services and Diebold that will perform most of the transactions of a branch, including loan payments.
The $225 million credit union is testing the new technology at the drive-up ATM outside of Red Rocks’s main branch. CO-OP NextGen ATM will work with all shared branching platforms within the CO-OP Shared Branching network.
The NextGen ATM is a software solution that allows credit unions to use their existing Diebold ATMs. Members can opt for a shared branching option to access all of their accounts with the credit union, not just those linked to the card as with standard ATM transactions. While giving members more ways to manage their accounts at their convenience, the product also frees in-branch staff to concentrate on more complex revenue activities.
“Red Rocks CU is proud to participate as a beta for the next generation of ATM technology,” said Jason Nelson, vice president of service for the credit union. “Our credit union is passionately focused on providing greater financial returns to our membership as a result of increased operational efficiencies and lower operating costs.”