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A&P banner Pathmark Supermarkets has entered a partnership with Municipal Credit Union (MCU) to place MCU ATMs in 16 Pathmark locations in the New York metropolitan area, bringing MCU’s proprietary network up to 178 machines, including nine McDonald’s locations in Brooklyn and Queens.
The deployment of the Pathmark ATMs took place over the course of six weeks starting in October, with the last going live early last month, and the results so far in terms of member use have been excellent, according to the New York-based credit union. “This was a simple and obvious move for us,” noted MCU CEO/president Kam Wong. “Our members shop at Pathmark stores, so that’s where our ATMs belong.”
Other stores in the Montvale, N.J.-based chain, which consists of over 140 locations in Delaware, New Jersey, New York and Pennsylvania, feature in-store banks and/or ATMs under the auspices of such financial institutions as the Roslyn Savings Bank, Roosevelt Savings Bank, Provident Bank, Bank of America and Penn Federal Savings Bank.
“We are constantly on the look out for strategically placed new sites where we can put a full service ATM or a cash machine that will serve a large number of our members,” added MCU VP of member services Richard Casamassa. “ATMs are an important part of our retail delivery strategy, so we are open to exploring opportunities with new partners if they seem like a good fit.”
Municipal Credit Union, the oldest credit union in New York state, and one of the oldest and largest in the country, has 316,000 members, and assets of $1.5 billion. It offers a full range of financial services to New York City employees, New York state and federal employees who work in the five boroughs, people who work in health care in New York state, and some other industry groups as well. Certain family members and qualifying retirees may also open accounts at the credit union.