FOR IMMEDIATE RELEASE
Contact: Bill Prichard
Manager, P.R. and Corp. Comm.
CO-OP Financial Services
800.782.9042, ext. 3450
10 NEW ENGLAND CREDIT UNIONS, ADDING 36 BRANCHES, SIGN LETTERS OF INTENT TO JOIN CO-OP SHARED BRANCHING
Flurry of Signings Result from Marketing Partnership Between FSCC, LLC, and NECUS, LLC
RANCHO CUCAMONGA, Calif. (June 15, 2012) – FSCC, LLC, a part of CO-OP Shared Branching, and New England Credit Union Services, LLC, are partnering on a marketing initiative in three New England states to expand credit union participation in shared branching.
A total of 10 credit unions in Massachusetts, New Hampshire and Rhode Island have signed letters of intent to join the CO-OP Shared Branching network since the program kicked-off in early April. The 10 credit unions will bring 36 new branches into the network, which already includes more than 4,600 physical branch locations, plus 2,200 Vcom® kiosks at 7-Eleven stores, nationwide.
The marketing initiative includes a package of relationship pricing opportunities that also features CO-OP Network, the 30,000-strong ATM network operated by CO-OP Financial Services. Credit unions in the three states have until July 31, 2012, to take advantage of the package offer.
“This initiative demonstrates the advantages that CO-OP Shared Branching can now offer the credit union movement with the merger of FSCC and CO-OP, both in terms of network coverage and operational efficiencies,” said Sarah Canepa Bang, President and COO of FSCC, LLC. “The network has been growing robustly in 2012, including 13 new branches added with the signing of Webster First FCU of Worcester, Mass., in January. The leadership at NECUS, LLC, has been outstanding, and we are very grateful for our partnership with them.”
“Our credit unions have good reason to be excited about shared branching, which is the perfect combination of state-of-the-art transaction technology in a traditional branch setting,” said Bonnie Doolin, SVP/COO of NECUS, LLC. “This is a great time to be a credit union and nothing demonstrates to consumers our movement’s spirit of cooperation better than shared branching.”
The organizations are not identifying the credit unions that have signed letters of intent as contracts are pending and are not expected to go into effect until next year. However, FSCC, LLC, and NECUS, LLC, are planning to announce specific signings on International Credit Union Day, October 18, 2012, in a New England-based event involving the media, credit unions and their members.
For more information, visit www.co-opfs.org.
About CO-OP Financial Services
Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,500 credit union members, 30 million cardholders, 30,000 surcharge-free ATMs, 4,600 shared branching locations (plus 2,200 Vcom® kiosks) and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.
Fri, June 15, 2012
by Bill Prichard