New York's Municipal Credit Union Expands its ATM Network to Include Sixteen Pathmark Supermarkets

December 1, 2009, New York City - MCU recently joined in partnership with Pathmark Supermarkets, a division of the Great Atlantic & Pacific Tea Co. (better known as A&P) to place MCU ATM's in sixteen of their stores. All of them are located in the New York metropolitan area, and they bring MCU's proprietary network up to 178 machines. The deployment of the Pathmark machines took place over the course of six weeks beginning in October, with the last going live in early November, and the results so far in terms of member utilization have been excellent. "This was a simple and obvious move for us, "said MCU CEO/President, Kam Wong, "Our members shop at Pathmark stores, so that's where our ATM's belong".

Pathmark is not MCU's first foray into retail locations for the placement of its ATM's. They also have cash machines in 9 McDonalds stores located in Brooklyn and Queens. "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," said 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."

About Municipal Credit Union

Municipal Credit Union (MCU) is the oldest credit union in New York State and one of the oldest and largest in the country. Established in 1916 and headquartered in New York City, today MCU has assets of over $1.5 billion and offers a full range of financial services to over 316,000 members. With branches in New York City, Westchester and Long Island, members also have access to the credit union’s large and growing ATM network. Eligibility to open accounts at MCU is available to New York City and Yonkers municipal employees; state and federal employees who work in the five boroughs; health care professionals who work in New York State; members of select industry groups; employees of private colleges in New York City and private and public colleges in Nassau, Suffolk, and Westchester; certain family members, and qualifying retirees. MCU is an equal opportunity lender and deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency. For more information about Municipal Credit Union, visit www.nymcu.org

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