The economic downturn appears to have spurred the growth of shared branching this year, according to one major shared branching network.
CO-OP Shared Branching, the shared branching subsidiary of CO-OP Financial Services reports that 43 credit unions have started shared branching through its network from January to April of this year. Last year, only 40 credit unions started shared branching over the same time period.
Though it may not be a large increase in new participants, Carroll Beach, CO-OP Shared Branching chief operating officer, contended the growth is significant.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
