Key Signs Agent Bank Agreement With Navy Federal Credit Union
12 Mai 2008 - 2:16PM
PR Newswire (US)
Navy Federal Members Have Surcharge-Free Access to Key's ATM
Network From Maine to Alaska CLEVELAND, May 12
/PRNewswire-FirstCall/ -- Cleveland-based KeyCorp (NYSE: KEY) has
signed an agreement with Navy Federal Credit Union to provide Navy
Federal's 3 million members with surcharge free access to Key's
1,500 automated teller machines (ATMs) in 12 states. Surcharge free
access for Navy Federal members began in March 2008. Through Key's
agent bank program, credit unions and community banks can provide
their members and customers surcharge-free access to an automated
teller machine network without the significant financial investment
required to build, operate and maintain their own individual ATM
systems. Under this agreement, Navy Federal members can access
Key's ATMs for withdrawal, transfer, and inquiry transactions.
"We're excited to expand our agent banking network by providing
Navy Federal members with convenient, surcharge-free access to our
ATMs across the country," said Debbie L. Jones, senior manager in
KeyBank's channel management division. "Navy Federal members
benefit from expanded ATM network access; Key benefits from
additional ATM usage which helps reduce operational costs." Navy
Federal Credit Union is the world's largest credit union with over
$35 billion in assets, 3 million members, 150 branch offices, and
more than 7,300 employees world-wide. The credit union serves all
Department of the Navy (DON) military and civilian personnel and
their families. For additional information about Navy Federal,
visit: https://www.navyfederal.org/ . Cleveland-based KeyCorp is
one of the nation's largest bank-based financial services
companies, with assets of approximately $101 billion. Key companies
provide investment management, retail and commercial banking,
consumer finance, and investment banking products and services to
individuals and companies throughout the United States and, for
certain businesses, internationally. For more information, visit
https://www.key.com/ . DATASOURCE: KeyCorp CONTACT: Dave Reavis of
KeyCorp, +1-216-689-7622, Web site: http://www.key.com/
http://www.key.com/newsroom https://www.navyfederal.org/
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