FSCC Picks up Another East Coast CU
WILBRAHAM, Mass. - Financial Service Centers Cooperative, the shared branching network headquartered on the West Coast, has signed another East Coast CU onto its network. The $75 million ValleyStone Credit Union signed on last week. "This is an exciting time for us and all of our members. The access we will soon be able to offer our members is extensive," stated James Nagy, CEO ValleyStone Credit Union. "In today's world convenience for those who travel, those who move, and those on the go, is of extreme importance, and we feel great about the practicality of this service for our members," he added. FSCC CEO Sarah Canepa Bang commented, "We are delighted to have Valleystone Credit Union as part of the FSCC shared branch network. Their participation not only provides expanded access for ValleyStone CU members, it also demonstrates their commitment to the credit union ideals of cooperation and people helping people." "This is a symbol of the cooperative nature that is inherent in the credit union industry," emphasized Nagy. "And it corresponds with the progressive approach that ValleyStone Credit Union has undertaken since it began its community charter in 2000," he affirmed. The system and process are expected to be in place in September 2006. Benefits to the credit union itself include the ability to deliver services very efficiently; the economic advantages for the credit union membership of building fewer branches; and the use of this network to support the industry in a time of disaster which became very prominent in the days and months following Hurricane Katrina in the New Orleans area, FSCC said.