Puerto Rican credit unions that participate in shared branching can continue to do so as the shared branching provider on the island has renewed an agreement with CO-OP Shared Branching.
El Circuito Cooperativo Inc., a Puerto Rican shared branching network, first signed on for the service in 2009 with Financial Service Centers Cooperative, then a shared branching competitor with CO-OP Financial Services. The two national networks merged in December 2011 and CO-OP formed CO-OP Shared Branching.
Over the years, 22 Puerto Rican credit unions brought 59 branches online with the network. The new agreement extends the relationship of the two companies to marketing, selling and servicing the CO-OP Shared branching network throughout Puerto Rico.
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