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Co-op Solutions also provides what the company calls shared branching. Members of 1,800 credit unions can perform most teller transactions at any one of the network's 5,700 branches. [16] [17] [18] This system was founded in
How does co-op shared branching work? Essentially, a co-op shared branching service allows members of one credit union to access financial services at other credit unions.
As of 2019, Service Credit Union has 52 locations (36 in New Hampshire, 1 in Massachusetts, 1 in North Dakota, and 14 on US military installations throughout Germany). The credit union participates in the CO-OP Shared Branch, providing members access to their accounts at more than 6,000 branches throughout the United States.
Many credit unions participate in the CO-OP Network, which allows members of participating credit unions to use nearly 30,000 ATMs without fees or surcharges. Shared branching is a cooperative venture whereby members of one credit union can perform basic transactions at no additional cost at any branch owned by other credit unions within the ...
Credit Union Service Centers (commonly known as shared branching) is an organization of credit unions that allows members of participating credit unions to process transactions at any participating branch. Members are generally free to conduct normal transactions and day-to-day operations away from their home branch. [1]
[4] [5] In addition, Genisys belongs to the CO-OP Network which provides its members access to over 30,000 surcharge-free ATMs and 5,000 Shared Branch locations. The organization is a federally insured state-chartered credit union that is regulated by the National Credit Union Administration (NCUA).
It is part of the CO-OP interbank network, with access to over 30,000 ATMs in the U.S. and Canada. Through that Network, the firm also offers CO-OP Shared Branches, which gives members access to more than 5,400. [5] nationwide branch locations. [6]
In 2006, Soarion joined the Co-op Financial Services, allowing access to over 30,000 ATMs for no surcharge. In the summer of the following year, Soarion joined the Shared Branching Network. This gave further access to more than 5,400 branches and kiosks domestically and internationally. [6]