You may have seen Coinstar kiosks at your local grocery store. Now, some Colorado residents may see them at their local credit union branch.
This week, Bellevue-based Coinstar announced an agreement with the Credit Union of Colorado to install 16 Coinstar kiosks in all of the credit union’s branches across the state, according to a press release. The coins will be used to count coins for customers, replacing the credit union’s previous “labor-intensive, do-it-yourself solution” for coin-counting.
“Coinstar has a superior model that we believe will help us be more efficient, save money, and at the same time deliver a trusted and reliable solution to our members,” said Kevin Rivard, director of branch operations for Credit Union of Colorado, in a prepared statement. “We experienced reliability and maintenance issues with our previous coin-counting equipment, often diverting staff from their regular duties to manage the coin services. Coinstar’s full-service solution allows our team to focus on the members and not machines.”
Coinstar touts several benefits of its kiosks, including that they are serviced and maintained by Coinstar; that they offer labor savings; and that they are easy to use and count coins accurately.
“Coinstar has been in the business of coin counting for more than 25 years and our kiosks were built from the ground up to efficiently process consumer coin with high up times so that our kiosks are readily available to customers,” said Jim Gaherity, CEO of Coinstar, in a prepared statement. “We’re pleased to partner with the Credit Union of Colorado and look forward to taking over the end-to-end management of coins so they can focus on the other important parts of running their business.”
About 12 of the kiosks have been installed, with the remainder coming by this summer. Consumers can find Credit Union of Colorado locations online.