BETHESDA, Md., Nov. 12, 2007 (PRIME NEWSWIRE) -- Stanford Federal Credit Union, the third fastest growing credit union in California by share growth, has joined Allpoint Network to expand its ATM presence and provide its members with nationwide, surcharge-free ATM access. By joining, Stanford FCU will add more than 3,600 surcharge-free ATMs in California and 32,000 nationwide at convenient retailers such as Target, Chevron and -- Allpoint's newest merchant -- Safeway.
"We are very excited about Stanford FCU joining," said Ben Psillas, President of Allpoint. "Stanford FCU continues to be an industry leader as they were the first financial institution to offer online banking and now is the first large California credit union to join Allpoint. With Allpoint and Stanford FCU's existing surcharge-free network, Stanford FCU truly provides its members unparalleled surcharge-free access."
"Access is what members want and expect today," John R. Davis, Stanford FCU's President/CEO, said, "and Allpoint adds a great number of access points across the country for our members."
With more than 32,000 surcharge-free ATMs coast-to-coast, Allpoint provides members with greater access, convenience and savings at leading retailers. Participation in Allpoint offers card issuers access to a nationwide physical distribution channel at a fraction of the cost of building and maintaining their own network.
Allpoint's unique membership structure makes it very simple for a financial institution to join and even easier for its customers to use. Joining Allpoint provides the following benefits:
- Member financial institution ATMs do not participate
- Card reissuance or processor conversion is not required
- Card-based pricing provides cost-effective and predictable cost structure
Allpoint complements any card-issuer's current membership in other surcharge-free networks.
About Allpoint
Allpoint, a division of Cardtronics, is America's Largest Surcharge-Free ATM Network, with 32,000 ATMs in leading national and regional merchant locations across the country. Allpoint provides greater access, convenience and savings to customers of financial institutions with limited ATM presence while providing the institution with the tools to compete more effectively for customers. For more information or to find the nearest Allpoint surcharge-free ATM, visit the company's web site at www.AllpointNetwork.com.
The Allpoint Network logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2368
About Stanford Federal Credit Union
Stanford Federal Credit Union is a member-owned financial cooperative with $825 Million in assets. Stanford operates four branches in and around the Stanford University campus, serving more than 47,000 members of the Stanford Community, including Stanford University, Stanford University Hospital, Lucile Packard Children's Hospital and Stanford Linear Accelerator Center. Stanford FCU offers a full range of deposit accounts, consumer loans, real estate loans, business loans and business banking services.