Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
FSCC convention highlights shared branching
SAN DIMAS, Calif. (7/6/09)--Financial Service Centers Cooperative (FSCC) highlighted shared branching during its Credit Union Retail Delivery Convention last month in Las Vegas. FSCC President/CEO Sarah Canepa Bang noted Credit Union National Association (CUNA) surveys indicating that more than 60% of credit union members would use a shared branching location if it were available. About 98% of Generation Y and Generation X age groups said they would use shared branching. She also noted that 61% of consumers say they frequently use online bill pay, and 59% use online banking. “We can expect growth in online banking, Internet bill payment, and debit card transactions to continue to be strong and only moderate growth in ATM and audio response,” Bang said. FSCC’s 7-Eleven Vcom units have experienced transaction increases as credit unions direct their members to the access points. The average deposit is $600, and the average withdrawal is $126. The average transfer is $318, and the average payment is $461, FSCC said. “Since January, there has been a 13% growth in transactions week over week at the 7-Eleven locations,” Bang said.


RSS print
News Now LiveWire
.@NW_Banking looking for #creditunion entries for #CUFinLit contest to fund through http://t.co/E6GFvjd5XW
28 minutes ago
#NewsNow: Fannie Mae, Freddie Mac consider VantageScore for alternate credit model. http://t.co/611II7AcKD
1 hours ago
Va. #creditunion league breaks ground on new HQ #NewsNow http://t.co/Cn24i1hOHV
2 hours ago
NJ Lt Gov Kim Guadagno shares her #creditunion story at @NJCUL convention #NewsNow http://t.co/2B7QiuUK9p
2 hours ago
#NewsNow: 2013 mortgage data shows 14.8 mil applications, 2.8 mil purchases and more. http://t.co/DId2VFrsEr
3 hours ago