First Lincoln Credit Union in Lincoln, Neb., has broadened its service footprint for its 3,000 members by adding shared branching from CU Service Network.
New network comprises more than 1,700 credit unions, 4,400 branch locations and 2,200 kiosks in 7-Eleven stores.
In a move which some have seen looming for years, CO-OP Financial Services and Financial Services Centers Corp. have signed a letter of intent to merge their shared branching operations.
Combination would create a single nationwide shared branching network for U.S. credit unions.
With today’s economy still sputtering, credit unions–and just about any other organization across the nation–remain vigilant about cutting costs to survive and hopefully thrive when the economy returns to good health.
Public Service Credit Union's bank on a truck includes ATM and full branch services.
Patelco CU feted for opening its branches to other credit unions' members more than 1.6 million times in 2010.
Shared branching in Texas and Utah has gotten a boost from the $6 billion Security Service FCU's acquisitions of smaller credit unions.