ATLANTA — Shared branching continues its march across the globe as CO-OP Shared Branching has added international passports and Canadian drivers licenses as permitted forms of identification for shared branch transactions.
"Credit union members are much more diverse today than when our policies were first established," says Carroll Beach, president/COO of CO-OP Shared Branching. "Of the more than 3,300 branches available to participants, 120 are foreign."
Shared Branching continues to expand on the international front. In late 2007,
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CO-OP Shared Branching completed the first international transaction between Ecuador and the United States. Responding to ongoing interest from other countries, CO-OP Shared Branching representatives have since met with organizations from Europe, Mexico, the Caribbean and South America about implementing shared branching in their respective areas, CO-OP said.
"Members are looking for convenient and reliable ways to get money to their families in their home countries," says Laura Pizzarelli, CO-OP Shared Branching's SVP corporate relations. "Credit unions around the world are a significant part of members' lives. Shared Branching extends this role by epitomizing the credit union philosophy of 'people helping people'. We're excited to be able to work with credit unions to remove some of the barriers they deal with by providing affordable access through shared branching."
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