Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Despite economy more CUs adding shared branching
ATLANTA (5/20/09)--More credit unions have joined shared branching year-to-date than in the same period in 2008, CO-OP Shared Branching said Monday. Between January and April, 43 credit unions were added to the network. Last year, 40 credit unions joined during the same period. Shared branching is integral for credit unions looking to trim expenses, according to Carroll Beach, CO-OP Shared Branching president and chief operating officer. “It’s a much more affordable way for credit unions to be around every corner than building proprietary branches,” he said. About 80% of this year’s new shared-branching participants employ CO-OP’s Next Generation Network technology, which facilitates shared-branching transactions. Through the network, credit unions can offer services such as fast-branch kiosks, remote deposit and mobile banking. CO-OP Financial Services and Credit Union Service Corp. recently joined to form CO-OP Shared Branching, a shared-branching network that services credit unions.


RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
20 hours ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
1 day ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
1 day ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
1 day ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
1 day ago