SAN DIMAS, Calif. — Shared branching and its importance to the credit union movement overall drew the praise of credit union leaders addressing a recent shared branching meeting.
Speaking at the annual meeting of the Financial Service Centers Cooperative, the shared branching network based on the West Coast, Bill Cheney, CEO of the California and Nevada Credit Union Leagues and Chip Filson, president of Callahan and Associates singled out shared branching for some of the ways it has helped build CU cooperation.
In his remarks, Cheney declared he had long supported shared branching and FSCC in particular.
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"What FSCC has done is simply astounding," Cheney said. "We need every credit union in the country to participate in shared branching–then we can truly consider ourselves a success," he stated.
"In my former life as CEO of Xerox Federal Credit Union, we were proud to be a shared branching outlet provider. Today, as CEO of the California and Nevada Leagues, I believe deeply in the value this kind of cooperation brings to members and credit unions," he added.
Earlier in the meeting, Filson remarked, "FSCC's success is nothing short of astonishing."
Sarah Canepa Bang, CEO of FSCC picked up on the praise in her remarks and noted the attention FSCC has been receiving from outside the credit union industry,"Our brand of shared branching has finally reached the consciousness of the world's largest networks. Significant players outside the credit union movement have recognized the value of the kind of cooperation we bring to the marketplace," she said.
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