ALBANY, N.Y. (1/14/09)--The Universal Sharing Network’s (UsNet) board of directors announced a reduction in the price of in-network member verification charges.
The decrease in charges represents 8% in savings, effective Jan. 1. The board voted on the reduction in December. The cut is the third in the last five years. It will not adversely impact net revenue earned by member verification by acquirer credit unions, UsNet said. “The board continues to recognize the ever-increasing level of credit union support for shared branching,” said Mark Pfisterer, board chair, UsNet and CEO, AmeriCU CU, Rome, N.Y. About 47 credit unions are on the network. UsNet provides credit unions with national shared branching and are partnered with CO-OP Shared Branching.