SHARED BRANCHING UNLEASHED
updated 08/13/13 08:47 AM
CU Digest Envisions Bigger Picture
Visualize walking into any—yes, any— of the nearly 7,000 credit unions across America to deposit a check, withdraw cash, transfer funds, or make a loan payment like you were standing inside your own credit union. Is it achievable? Realistic? Or even practical?
The executives behind CO-OP Shared Branching—a business entity of CO-OP Financial Services in Rancho Cucamonga, CA—believe this ambitious goal is attainable, or at least a version close to it.
"This is our zenith, our biggest moment," said Sarah Canepa-Bang, chief strategy officer of CO-OP Shared Branching, and president and COO of FSCC, LLC. "California is the canary in the mine shaft for a lot of things happening across the rest of the country. This state leads in every trend we see, so it’s table stakes here."
Time will tell whether the vision becomes a reality for the credit union industry’s biggest shared-branching network operator and largest credit union service organization. For now, dreaming will have to suffice, as dreams are often the first step to something greater.
Also included in this edition of CU Digest:
HELP SAVE A LIFE: SHOP FOR MIRACLES updated
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International Credit Union Day
You don’t have to be a doctor to help ill children. Simply sign up for Shop for Miracles!
NV LOAN GROWTH: PRE-RECESSION LEVELS updated
08/19/14 12:28 PM
California Lending Almost Doubles
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REMOTE DEPOSIT CAPTURE FUNDAMENTALS updated
08/19/14 10:54 AM
Timing, Regs, and Risk Management
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CATALYST LOAN PROGRAM NEARS 50M updated
08/18/14 04:19 PM
California Credit Union Participation
Since its launch a few months ago, Catalyst Corporate FCU’s loan participation program has helped nearly two dozen credit unions—including California credit unions—sell and buy more than $46 million in loans.