Contending it needs to "focus solely" on its own members, Silver State Schools Credit Union is ending some of its shared branching operations in Nevada effective in August.

The troubled $725 million Las Vegas CU stressed that its members "will still be able to visit other credit unions for their financial services" though it will "no longer service other credit unions' members through the shared branching system in our branches."

In a brief statement, Silver State made no mention of its recent branch retrenchment or cost-saving steps but said "this change will provide us the resources to focus solely on our members enhancing their experience through reduced wait times."

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, and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.