TALLAHASSEE, FL – Members ATM Alliance (MAA), a CUSO that is managed by LEVERAGE, said it has acquired ShareNet’s operations and active contracts, following that company’s closure, which affected numerous credit union ATMs and ITMs.
ShareNet, an ATM management company, was a division of Paramount Management Group, which earlier declared it was insolvent and closed. The announcement followed a long legal battle with investors who claimed that Paramount failed to pay them more than $65 million in ATM fees, according to the Philadelphia Inquirer. There were also issues around how many ATMs Paramount actually owned.
‘Left Without Reliable Service’
“As disruption hit the ATM space, many credit unions were left without reliable service. In response, ShareNet founder Ray Davis—who had previously stepped away after the company’s sale—returned to restore operations when terminals across Florida, New York, Arizona, and New Mexico went dark,” Members ATM Alliance said. “His efforts ensured continued service for credit unions and ultimately led to the transition of ShareNet’s operations to Members ATM Alliance.”
In a statement, MAA provides flexible, affordable ATM and ITM outsourcing designed for credit unions. The company said the acquisition will expand its national service footprint to 17 additional credit unions.
‘Not Just About Growth’
“This move isn’t just about growth—it’s about showing up for credit unions when it matters most,” said Kyle Fowler, Vice President of MAA. “As other providers exited the market, we saw a clear opportunity to lead with stability, innovation, and purpose. We’re proud to step in, expand our reach, and ensure credit unions have a trusted partner they can count on—now and into the future.”
