I always enjoy reading Mike Welch’s columns, but I was particularly enlightened by his Dec. 8 column entitled “There are lots of Good and Bad ideas Involving CUs.” His comments regarding shared branching were interesting, but it appears that, unintentionally, the discussion left the impression that “the two major” shared branching organizations are Service Center Corporation (SCC) and Financial Service Center Corporation (FSCC) when in reality, the major shared branching organization is Credit Union Service Corporation(CUSC) based in Atlanta, Georgia. Statistics will substantiate that CUSC is the largest of the three shared branching corporations with over 615 credit unions within CUSC. Of the 1,558 shared branch locations nationwide, CUSC has 57% of them. CUSC also has the largest number of shared branching transactions. In an effort to clarify the relative size of each of the shared branching companies, I thought it would be appropriate to point out that CUSC is the major shared branching company and we have not merged. Carroll D. Beach President/CEO CUSC Atlanta, Ga.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.