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Iowa gains momentum in shared branching locations
LAKEWOOD, Colo. (9/5/08)--Credit Union Service Network (CUSN) announced that during the past year, 12 credit unions in Iowa with a combined 19 branch locations have chosen to offer shared branching. The decisions are part of a strategic move to expand their services to their members, said CUSN. In April, CUSN and the Iowa Credit Union League signed a marketing agreement to promote shared branching to credit unions in the state. The agreement allowed a major expansion of shared branching to better serve members in rural and underserved areas. "Since our office is in the state complex, we are not open on weekends and we close during the week at 4 p.m.," said Brent Kowalsky, CEO of Capitol View CU. "Shared branching allows us to attract new members that previously would not have considered us because of these limitations." The $20 million asset credit union is located in Des Moines. Kent Strawn, CEO of West Des Moines-based First Class CU, said, "We strongly believe in the cooperative movement of credit unions. I have three offices I can share with other credit unions to assist with their service to their members." First Class CU has $51 million in assets.


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