Agreement with former FSCC renewed with CO-OP Shared Branching.
Soon there will be but one shared branch network serving credit unions across the country, companies say.
If the roughly 73,000 members of Technology Credit Union, a $1.5 billion institution headquartered in San Jose, Calif., vote to convert to a mutual bank charter, they will likely find their increased expenses not restricted to taxes alone, according to CUNA Chief Economist Bill Hampel.
Members would lose access to network if conversion to bank goes through.
Combination would create a single nationwide shared branching network for U.S. credit unions.
Financial Service Centers Cooperative added a second location in Southern California's high desert region, deploying a Vcom terminal July 26 in an Apple Valley, Calif. 7-Eleven store.
The Financial Service Centers Cooperative has replaced four previously shared branching outlets with a shared branch and kiosks housed in other spaces.
Financial Services Centers Cooperative said its new shared branching locator application for the Android smart phone has already been used more than 5,000 times in the first week of its availability
The Financial Service Centers Cooperative, one of two nationwide shared branching networks, has rolled out an updated logo and streamlined Web site to try to emphasize its broader work with credit unions.
Despite this "very challenging year," Financial Service Centers Cooperative, the California-based shared network, expects to return a $640,000 dividend to its participating credit unions, the firm said Wednesday.