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.
REGULATORY REACTION: HIT OR MISS updated
07/30/14 09:50 AM
Leaders Discuss the Changing Landscape
The credit union industry’s overwhelming response in sending more than 2,000 letters to the National Credit Union Administration (NCUA) on the agency’s risk-based capital proposal is extremely rare. So what’s different this time around?
STATE CANDIDATE VISITS CU LEADERS updated
07/29/14 11:06 AM
Bates Engages With CEOs, Staff
Credit union leaders in Orange County gathered at Eagle Community CU last week to meet with Fifth District County Supervisor Pat Bates.
WCMS HONORS 2014 GRADUATING CLASS updated
07/29/14 09:58 AM
Weidler Receives 'Highest Honors'
Nearly 90 students from the “Mu” Class proudly received their Western CUNA Management School (WCMS) diplomas last Thursday night at Pomona College in Claremont, CA, where a lively audience cheered another successful send-off of credit union leaders who are devoted to keeping the credit union philosophy alive.
NATIONAL REG ADVOCACY TOOL LAUNCHED updated
07/25/14 01:55 PM
'PowerComment' Combats Burdens
PowerComment, a highly-interactive online resource that helps credit unions take their regulatory concerns directly to regulators, was officially announced today during the summer American Association of Credit Union Leagues (AACUL) meeting.