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SEG sponsor closes shared branching helps CU
LAKEWOOD, Colo. (2/9/09)--When the corporate office of one of Des Moines, Iowa-based Cornerstone CU’s sponsor groups shut down in Birmingham, Ala., the credit union decided to use Shared Branching to serve members there. Cornerstone retained the majority of its southern membership and attracted new members with Shared Branching, which the credit union uses through the Credit Union Service Network (CUSN). “When traveling on vacation or just wanting to walk into a financial institution to make a transaction, our members use shared branching locations,” said Gary Key, Cornerstone CEO. “They want to be able to walk into a location to actually see their money go into a financial institution.” Cornerstone’s transaction volume has increased since the credit union joined CUSN, with members conducting transactions in 30 states. The credit union has branches in Des Moines, Iowa, and Omaha, Neb. Cornerstone has $14 million in assets. CUSN is based in Lakewood, Colo.

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