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News Now

CU System
Ohio CU members embrace Shared Branching
COLUMBUS, Ohio (9/10/10)--Ohio now ranks second in the U.S. for the number of Shared Branching locations and is seventh in national transaction volume, according to the Ohio Credit Union League (OCUL). “These numbers are especially significant considering Ohio has only been participating in the Shared Branching network for 10 years, while other states have used the cost-effective service delivery channel for 20 or more years,” said Marty Auxter, Business Consultant for OCUL Services Corp. (eLumination Newsletter Sept. 8). In addition to providing member account access and service, Shared Branching is a deposit generator for credit unions, and its users are some of the credit union industry’s most profitable members. This was confirmed by a two-year study conducted by Raddon Financial Group on behalf of CO-OP Shared Branching--which is part of CO-OP Financial Services, said the league. CO-OP Financial Services, based in Rancho Cucamonga, Calif., provides access and convenience products for credit unions. CO-OP connects credit union members to their accounts through CO-OP Shared Branching, network services, payment processing, e-commerce solutions and call center services.


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