SUGAR LAND, Texas — In another indication of the move from stand-alone, shared branching facilities to shared branching outlets, a Houston-based credit union has announced the purchase of three stand-alone shared branch facilities, planning to convert them to its own branches with shared branch outlets.
The $300 million Houston Federal Credit Union purchased the shared branching facilities from Credit Union Resources, Inc., an affiliate of the Texas Credit Union League.
Houston FCU spokesperson, Tracy Stabenow, said the credit union planned to operate the facilities as its own branches as well as keep them open as shared branching outlets. The credit union plans to use the new locations to reach into different parts of the credit union's field of membership.
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