SAN DIMAS, Calif. -- Financial Service Centers Cooperative, the nationwide shared branching network headquartered on the West Coast, has added 46 shared branching locations so far in 2007, the network has said.
FSCC CEO, Sarah Canepa Bang is enthused, but not surprised by this early strong growth, "Last year we added nearly two hundred new locations to the FSCC network. This year, we are projecting over 2,400 new access points, including 2,200 7-Eleven locations; it's going to be a big year for FSCC and the Credit Union Movement."
FSCC officials have consistently maintained the company's focus on outlet expansion. "Right now, it's a supply-driven business," said Steve Dahlstrom, chairman of FSCC and CEO of the $845 million Spokane Teachers Credit Union.
"Without branches, there is no shared branching, so we continue our strong commitment to facilitating acquirers on the network." Acquirers are those credit unions that open their doors to guest members and provide the backbone of shared branching. The FSCC ratio of branches to credit unions is more than four to one and nearly four times higher than other networks combined, the network has said.
"FSCC's goal is to make credit unions the most convenient financial institutions in the country." added Bang. "Working with our credit union partners, we're making the dream a reality."