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News Now

CU System
Ohio Shared Branching network is fifth largest in state
COLUMBUS, Ohio (12/8/11)--The Ohio Shared Branching network includes 289 locations, ranking it fifth in the state for convenience.

That means every Ohio credit union that participates in Shared Branching can say it has the fifth-largest branch network in the state, according to the Ohio Credit Union League (e-Lumination Newsletter Nov. 30).

Ironically, convenience is sometimes cited as a reason not to join credit unions because of claims that they have fewer branches and ATMs than banks.

In Ohio, PNC has 420 branches, Huntington--403, Fifth Third--375, U.S. Bank--334, Chase--292, and KeyBank--241, according to The Columbus Dispatch.

The Ohio Shared Branching network, by the first quarter 2012, will expand by 41, to 330 locations, surpassing the pace of 30 bank branches added in Ohio during the last 18 months, the Ohio league said.

Shared Branching is seeing a growth surge in Northeast and Southeast Ohio. The network connects its members with more than 4,440 locations nationwide.


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