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News Now

CU System
Minnesota opens 20th shared-branch location
ST. PAUL, Minn. (1/17/08)--Minnesota added two City-County FCU branches to its list of shared-branch service centers last week, bringing the total service centers in Minnesota to 20, with 18 in the Twin Cities area. During the past year, a merger of shared-branching networks Credit Union Service Corp. and CO-OP Financial Services resulted in 3,000 locations nationwide. "This is an exciting time for the shared-branching business," said Pete Skaalen, executive vice president of the Minnesota Credit Union Network. In addition to City-County Federal's new service centers, four other sites will open soon, he said. By mid-2008, Minnesota will have 24 service centers, with 22 in the Twin Cities. "The shared branching network exemplifies the credit union difference," Skaalen added. "It puts into action the cooperative philosophy of credit unions and demonstrates how they are constantly working to find ways to better serve their members."


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