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CU 24 FSCC shared branch network join forces
TALLAHASSEE and SAN DIMAS, Calif. (3/4/08)--Credit Union 24 and Financial Service Centers Cooperative Inc. (FSCC) Monday announced an alliance to explore ways to help credit unions maximize services and service delivery. Credit Union 24 is a national credit union-owned point-of-sale (POS) network based in Tallahassee. It was one of the first deposit-taking credit union ATM networks in the nation and is the only national POS network owned and controlled by credit unions. FSCC is a pioneer in shared branch and operates the nation's largest credit union shared branch network. Both organizations are credit union-owned service cooperatives. "Our two organizations are remarkably similar," said Credit Union 24 President/CEO James Park. "Both Credit Union 24 and FSCC are member-owned cooperatives and have a history of innovation to empower credit unions. We share the common goal of helping credit unions face the challenges of an increasingly competitive environment, and we'll explore opportunities to share our technologies and partners to strengthen the credit union community. "Most important, this alliance is about bringing together our respective strengths to focus on the needs of credit unions, not on growing our own organizations," Park said. "None of us can do this alone," said Sarah Canepa Bank, president/CEO of FSCC, "and in fact, when we work together, we achieve things that even the largest companies couldn’t imagine. It's a little harder, and it requires long-term thinking, but it's definitely worth it. CU 24 has technology we can use and vice versa. Without spending shareholder dollars to own it, we can take advantage of each other's expertise for the benefit of everyone."


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