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FSCC shared branching has strong growth in 08

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SAN DIMAS, Calif. (9/12/08)--Transaction volumes at Financial Service Centers Cooperative (FSCC) have increased between 14% to 32% at multiple shared branching channels, the company said. Members are performing about 215,000 transactions on Fridays through the network. Deposits through the network average $1,166 and the average withdrawal is $573. Credit advances are $962 and payments $482. The FSCC network offers credit union members 5,500 access ATM points at 7-Eleven stores and shared-branch kiosks. Members use the access points for deposits, withdrawals, loan payments, credit advances and transfers, FSCC said. “Our numbers are significantly ahead of goal, but I guess we shouldn’t be surprised,” said Sarah Canepa Bang, FSCC president/CEO. “Americans turn to credit unions when times get tough, and the fact that credit unions work together to provide this kind of convenience is just another reason why.”