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CO-OP REACHES 5,000 LOCATIONS
updated 03/18/13 03:27 PM
CUSO Fourth Largest Branch Network
CO-OP Financial Services has experienced exceptional growth in the last three years. Since 2010, CO-OP, the nation's largest credit union service organization, has added 1,000 branches to its CO-OP Shared Branching network, which now stands at 5,000 locations nationwide.

This milestone positions CO-OP as the fourth largest branch network with teller service in the nation, behind Wells Fargo (6,382 branches), Bank of America (5,916 branches), and Chase (5,833 branches).

The rapid growth of the CO-OP Shared Branching network is attributed to the cooperative spirit of credit unions, as well as the 2012 merger of the CO-OP Financial Services and Financial Service Centers Cooperative Inc. (FSCC) that added 502 branches.

Approximately 1,800 credit unions engage in CO-OP Shared Branching today. CO-OP estimates that if all 7,000-plus U.S.-based credit unions participated in shared branching, the network of shared branching locations would total more than 20,500.

For more information, please visit www.co-opfs.org.

 
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CHAPTER FORUM, RECEPTION ENGAGES CUs updated 10/27/14 06:55 PM
Networking and Awards after 'REACH'
Credit union chapter members from across California and Nevada gathered Oct. 23 at the JW Marriott (L.A. Live) in downtown Los Angeles to attend the 2014 Chapter Forum, which offered a full day of valuable networking and educational sessions for attendees who were eager to share individual stories about the work their chapters are accomplishing.

NEEN JAMES CHALLENGES CUs AT 'REACH' updated 10/27/14 04:17 PM
'Time is the New Currency'
By Wednesday afternoon, nearly 700 credit union CEOs, professionals, industry vendors, and guests had attended REACH 2014, the California and Nevada Credit Union Leagues’ Annual Meeting and Convention from Oct. 20-22 at the JW Marriott (L.A. LIVE) in downtown Los Angeles.

CFPB, FTC HOST DEBT COLLECTION FORUM updated 10/27/14 03:31 PM
Latino Consumers Discussed
The Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB) recently hosted an all-day forum on “Debt Collection and the Latino Community,” which brought together consumer advocates, industry professionals, and regulators to discuss how debt collection issues affect Latino consumers, especially those with limited English proficiency (LEP).

FinCEN: QUARTERLY UPDATE ON 'SARs' updated 10/27/14 03:09 PM
Also, Mortgage Service Transfer Guidance
The Financial Crimes Enforcement Network (FinCEN) has issued its SAR Stats quarterly update, which provides information on Suspicious Activity Reports (SARs) filed through Sept. 30, 2014.