Key Signs Agent Bank Agreement With Navy Federal Credit Union

Navy Federal Members Have Surcharge-Free Access to Key's ATM Network From Maine to Alaska 


CLEVELAND, May 12  /PRNewswire-FirstCall/ -- Cleveland-based KeyCorp (NYSE: KEY) has signed an agreement with Navy Federal Credit Union to provide Navy Federal's 3 million members with surcharge free access to Key's 1,500 automated teller machines (ATMs) in 12 states. Surcharge free access for Navy Federal members began in March 2008.

Through Key's agent bank program, credit unions and community banks can provide their members and customers surcharge-free access to an automated teller machine network without the significant financial investment required to build, operate and maintain their own individual ATM systems.

Under this agreement, Navy Federal members can access Key's ATMs for withdrawal, transfer, and inquiry transactions.

"We're excited to expand our agent banking network by providing Navy Federal members with convenient, surcharge-free access to our ATMs across the country," said Debbie L. Jones, senior manager in KeyBank's channel management division. "Navy Federal members benefit from expanded ATM network access; Key benefits from additional ATM usage which helps reduce operational costs."

Navy Federal Credit Union is the world's largest credit union with over $35 billion in assets, 3 million members, 150 branch offices, and more than 7,300 employees world-wide. The credit union serves all Department of the Navy (DON) military and civilian personnel and their families. For additional information about Navy Federal, visit: https://www.navyfederal.org/ .

Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $101 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit https://www.key.com/ . 

DATASOURCE: KeyCorp



CONTACT:  Dave Reavis of KeyCorp, [phone], 



Web site:  http://www.key.com/

http://www.key.com/newsroom

https://www.navyfederal.org/ 

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