Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
PCUA CEO letter to editor touts shared branches
HARRISBURG, Pa. (6/12/09)--A letter to the editor touting credit union shared branches and written by Pennsylvania Credit Union Association President/CEO Jim McCormack was published Thursday in the Harrisburg Patriot-News. McCormack’s letter responds to a letter to the editor published in the June 3 Patriot-News and titled, “Too Many Banks.” The original letter questions the need for continued construction of branches with the availability of ATMs, Internet and direct deposit (Life is a Highway June 11). In his response, McCormack noted that credit unions “achieve greater efficiencies through cooperation. Currently 43 Pennsylvania credit unions offer their members account access through a ‘shared branching’ network. “Those members can obtain teller service at any of the 3,730 ‘shared’ credit union branches nationwide (including 90 in Pennsylvania), just like they would at their own credit union office,” he continued. “Likewise, many Pennsylvania credit unions offer surcharge-free ATM access to members of other credit unions, through CU$, CO-OP, and Allpoint Networks.” McCormack also noted that credit unions provide better rates on savings and loans, and referred readers to iBelong.org to find a credit union to join.
Other Resources

RSS print
News Now LiveWire
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
49 minutes ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
1 hours ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
2 hours ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
2 hours ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
5 hours ago