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A single-sponsor credit union with members spread all over the world has started to offer shared branching to help its members meet their financial needs.

The $19 million KONE Employees Credit Union’s single sponsor is KONE, a multinational elevator and escalator manufacturing firm with branches, affiliates and employees spread across the globe. More than 85% of the credit union’s almost 3,000 members do not live close to the credit union and previously had to do many of their transactions via mail, according to the KONE Employees CU CEO Katherine Hoeper.

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Peter Westerman

 

Credit Union Times

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