Security Service FCU Spreading Shared Branching
Shared branching in Texas and Utah has gotten a boost from the $6 billion Security Service Federal Credit Union adding shared branching to 36 branches in Texas and six branches it acquired in Utah.
The San Antonio, Texas, based credit union picked up branches in Utah when it took over Beehive Federal Credit Union after NCUA closed it in December 2010 and Family First Federal Credit Union in February.
“We are in an age of convenience and shared branching is an effective tool that serves our members at their location of choice. Shared branching, in combination with other convenient channels of service, can help preserve a member relationship outside the credit union’s traditional areas of coverage,” said Rick Weber, senior vice president of member services for the 840,000-member Security Service.
The branches will affiliate with CO-OP Shared Branching.