The Financial Service Centers Cooperative, one of two nationwide shared branching networks serving credit unions, has announced that three more CUs have signed on to start offering shared branching services to their members.

Corporate credit unions going forward should have only one tier, offer a more limited set of products and services than they do now and have their membership limited to natural person credit unions that acquire tier one capital based on asset size.

CUNA and NAFCU's Corporate Credit Union Restructure Policy Task Force recommended that corporate credit unions should restrict the products and services they offer to short term investment products and payment processing and settlement services.