Credit Union 24 and delegates from the World Council of Credit Unions (WOCCU) are collaborating to share EFT best practices and help develop effective EFT strategies within the Costa Rican market.
The first meeting was held at Credit Union 24’s headquarters in Tallahassee on August 18, 2009. Topics explored during the initial meeting between Credit Union 24 and Costa Rican delegates included point-of-sale (POS) processor and merchant relations, POS interchange income and interchange income models, the current EFT landscape in Costa Rica, and fee-free ATM terminals and POS locations.
Both CEOs believe that credit unions around the world significantly benefit from collaborations like these that mirror the very foundation of the credit union movement – people helping people.
“Credit unions around the world are experiencing very similar opportunities and challenges as countries’ economies become more dependant on each other, presenting the chance for all of us to learn from each other,” said Jim Park, president and CEO of Credit Union 24. “The credit union-owned Credit Union 24 network offers services that are not yet introduced in Costa Rica, so we are thrilled and honored to collaborate and create an open forum to discuss these topics.”
Meeting attendees at the first round table included: Jaime Castro, CEO of Coopeorotina, and Alvaro Vargas, Chief of Manager Compliance, Milton Sancho, IT Manager, and Carlos Zamora, Marketing Manager, from Coopenae in Costa Rica.