ATLANTA, March 21, 2012 – Spokane Teachers Credit Union (STCU) of Spokane, Wash., has joined the STAR® Network, signing a multi-year agreement under which STAR will provide PIN-secured debit point-of-sale (POS) and ATM access to STCU’s cardholders.
With more than $1.6 billion in assets, STCU serves members throughout Washington, as well as Kootenai and Bonner counties in Idaho, with 15 branch locations and 32 ATMs. STAR is one of the nation’s leading electronic funds transfer (EFT) networks, with more than 2 million retail and ATM locations, and a First Data company. First Data is a global leader in electronic commerce and payment processing.
“STCU strives to maximize the value our members receive from their relationship with us by providing them with cost-effective services – including convenient, reliable access to their money,” said Danny Jones, director, Remote Services, for STCU. “We are confident that STAR is the best choice to help provide those services. They offer the reach and coverage we need from a debit network, as well as innovative products that will help keep us ahead of the curve as payments advance.”
“STAR is committed to driving success for STCU by understanding the credit union’s goals and the needs of their members,” said Kevin Barry, general manager for the STAR Network. “STAR has the depth of debit expertise and the vision necessary to enable STCU to serve its members today and well into the future.”
Terms of the agreement remain confidential.
Founded by educators in 1934, STCU is a member-owned, not-for-profit cooperative with 15 branches in Eastern Washington and North Idaho. It is one of the nation’s top-100 credit unions, with more than $1.6 billion in total assets and 102,000 members.
The STAR® Network enables consumers to use their ATM / debit cards to obtain cash and make purchases quickly and securely throughout the United States. With a singular focus on real-time debit payment processing for more than 25 years, STAR is committed to driving increased reliability, security, cardholder convenience, and choice wherever and whenever consumers demand access to their money. STAR puts its debit expertise and industry knowledge to use for its clients – which include financial institutions, retailers, processors and billers – delivering innovative services as well as market insights that help them increase the value they derive from their debit programs. For more information, visit www.star.com.
The STAR Network is an integral part of the payment services offered by First Data Corporation. Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction.
Dan Hansen, STCU Senior Communications Officer
Kim Graber, First Data