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News Now

CU System
PaCUSC shared branching volume surges
HARRISBURG, Pa. (9/17/12)--Growth in deposit transactions and loan payments spurred an increase in transaction volume for 53 Pennsylvania credit unions offering shared branching, Pennsylvania Credit Union Service Centers Inc. (PaCUSC) reported.

Total transactions increased by 20,313 transactions in July, representing a 22.1% increase from January, according to the Pennsylvania Credit Union Association (Life is a Highway Sept. 14).

The most popular type of transactions were deposits, representing 48% of all transactions, PaCUSC reported. PaCUSC credit unions averaged 24,428 in monthly deposit transactions, with average monthly dollar volume of $23.3 million.

Loan payments accounted for 6% of transactions. Consumers made an average of 3,183 monthly loan payment transactions, with an average monthly dollar volume of $1.3 million.

With 152 shared branching facilities in Pennsylvania, PaCUSC also reported that transactions from those offices increased by 1,576 during the first seven months of the year.


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