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HOLMDEL, N.J. – Many credit unions affected by this year’s barrage of hurricanes utilized shared branching to continue serving members. Shared branching networks proved invaluable because they gave displaced members other locations to do business, and CUs that experienced severe branch damage could offer members other locations. Some believe credit union shared branching will grow rapidly because of this year’s hurricanes as more CUs view it as a sort of back-up branching plan and a way to serve members when they travel, relocate, etc. This was the subject of Credit Union Times’ expired voting poll. An overwhelming majority of respondents believe that shared branching will indeed expand very quickly. The question and results are as follows: Given the success of shared branching in helping credit unions damaged by recent hurricanes serve their members, will more credit unions become users of shared branching networks? * Yes

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