FSCC LLC, a part of CO-OP Shared Branching, and New England Credit Union Services LLC have teamed up in three New England states to spread the word about shared branching.
Ten credit unions in Massachusetts, New Hampshire and Rhode Island have signed letters of intent to join the CO-OP Shared Branching network since the program kicked off in early April, the companies said.
The 10 credit unions will bring 36 new branches into the network, which already includes more than 4,600 physical branch locations, plus 2,200 Vcom kiosks at 7-Eleven stores, nationwide.
Credit unions in the three states have until July 31 to take advantage of the joint marketing initiative, which in addition to a package of relationship pricing opportunities, also features CO-OP Network, the 30,000-strong ATM network operated by CO-OP Financial Services.
“Our credit unions have good reason to be excited about shared branching, which is the perfect combination of state-of-the-art transaction technology in a traditional branch setting,” said Bonnie Doolin, chief operating officer at NECUS. “This is a great time to be a credit union and nothing demonstrates to consumers our movement’s spirit of cooperation better than shared branching.”
Plans are under way for FSCC and NECUS to announce specific signings at an event to be held in New England on International Credit Union Day on Oct. 18, the organizations said.