CO-OP Shared Branching Reaches Milestone with 4,000 U.S. Locations
CO-OP Financial Services said it marked a significant milestone in convenience, as members of participating credit unions now have account access to 4,000 CO-OP Shared Branching locations throughout the United States.
In addition to the 4,000 physical, full-service shared branch locations, credit union members also have access at 2,300 CO-OP Shared Branching kiosk locations.
CO-OP Financial Services said its Shared Branching allows credit unions to share facilities and accept guest members. As a result, credit unions can offer their members a collective branch network comparable to the largest national bank competitors. CO-OP Shared Branching ranks fourth in the nation by number of branches, only behind Wells Fargo/Wachovia, Bank of America and Chase.
"Despite the emergence of new access channels, such as mobile banking, credit union members still want the ability to walk into a branch to handle their financial needs, and they want that branch to be convenient," said Carroll Beach, president/COO, CO-OP Shared Branching. "This milestone is a triumph of the credit union philosophy of cooperating to better serve members."
Credit Union Journal
Attention Connecticut Credit Unions:
To learn how your credit union can participate in the CO-OP Shared Branching Network, contact Nick Moalli at the CT League at nmoalli@culct.coop, 800-228-2285, extension, 7059 or 203-608-7059.
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