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To learn more about how our products and services can benefit your credit union, contact us today.
- 355 Union Blvd.
- Suite 301
- Lakewood, CO 80228
- (720) 945-7250
- 888-500-CUSN (2876)
- info@cusn.com
Shared Branching
What is Shared Branching?
In a word–convenience. It’s a delivery channel created by credit unions to share resources–facilities or capital–in providing members with convenient locations and hours. Shared branching enables credit union members to conduct everyday financial transactions at other participating credit unions that are connected through a national switch, much like an ATM. Credit union members have access to more than 4,000 service centers nationwide, including some foreign locations. With proper identification, members can conduct common, every-day transactions, including deposits, withdrawals, funds transfers, loan payments and balance inquiries at CU Service Centers.
How Does Shared Branching Work?
Each Service Center has a computer link to the Shared Branching network. When a member initiates a transaction, the Service Center connects to the network switch, retrieving account information. The transaction is then submitted to the home credit union for processing and approval.
How do Credit Unions Benefit?
- Member Attraction and Retention
- Gives members what they want–greater convenience with access to over 4,000 shared branching service centers.
- Reduced Expenses
- Allows credit unions to expand their business without adding proprietary “brick and mortar” branches.
- Revenue Opportunities
- Creates revenue opportunities through additional services and may help to improve the credit union’s financial performance.
- Disaster Recovery
- Provides back-up locations for members if a CU branch becomes unavailable.
How do Members Benefit?
- Convenience
- Members can access their CU accounts near where they live, work, and play at any CU Service Center.
- Continuity
- If life or work takes members across town or across the county, they can continue to use the CU of their choice without disruption in service.
- Extended Personal Service
- No matter which service center members use, they are guaranteed the same friendly service they have come to expect at CUs.
