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Shared Branching transactions in Ohio up 100
DUBLIN, Ohio (3/28/08)--Shared Branching transactions in Ohio for 2007 were up 100% since 2003, with more than 80 credit unions in the state participating in the network. Branches participating in the network are added at a rate of 1.5 per day, said the Ohio Credit Union League. In 2003, the number of transactions at participating Ohio credit unions totaled more than 800,000. In 2007, more than 1.7 million transactions took place. The numbers include transactions at branches of Ohio credit unions located in West Virginia, Indiana, Kentucky, South Carolina and Pennsylvania. "While many financial institutions are moving from a less personalized way of doing business, credit unions see the need for personal service when conducting transactions, especially in an unfamiliar location," said league President Paul Mercer. "Many members travel leisurely or on business, are changing jobs, or are facing a permanent relocation. Shared Branching reduces the stresses related to these situations," he added. Shared Branching allows credit union members to conduct brick and mortar transactions in all 50 states and in six foreign destinations. More than 3,000 credit union branches nationwide serve as Shared Branching outlets. To locate a Shared Branching outlet call 800-919-CUSC (2872) or use the link.
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