ST. PETERSBURG, Fla.– Velera is reporting it is adding more than 2,500 ATMs at select Speedway locations, a move that will expand its surcharge-free Co-op ATM Network to more than 37,000 machines nationwide.
According to the company, the rollout will begin this month in partnership with FCTI, Inc., the U.S. ATM provider for 7-Eleven, Inc. and its family of brands, including 7-Eleven, Speedway and Stripes stores. Velera added that FCTI has supported the Co-op ATM Network for two decades now.
“For participating credit unions, the expanded network offers more than just convenience – it streamlines operations, boosts member retention and drives revenue growth,” Velera said.
It added that its locator apps and customizable marketing tools “make it easy” for credit unions to highlight ATM locations and stay connected with members across physical and digital touchpoints.
‘Strengthening Engagement’
“Our Co-op ATM Network – the largest issuer-owned surcharge-free network – is built on the credit union principle of ‘people helping people,’” Velera Vice President of Network Growth Rob Goodwin said in a statement. “As we continue to grow our footprint, we’re helping credit unions strengthen engagement and impact in their communities, while providing members with convenient access to cash when and where they need it.”
Member Usage of ATMs
In announcing the ATM expansion, Velera said that even as digital payments continue to grow, cash remains an essential part of everyday banking. Velera noted its 2025 Eye on Payments report finds that one in four credit union members uses an ATM weekly, primarily to withdraw cash (70%), followed by depositing cash (35%) and depositing checks (29%).
