FSCC provides a cooperative network of convenient, low-cost branches so that credit unions can compete.
Every branch of every credit union is an outlet.
FSCC is the nation's largest credit union shared branching network with financial access points at over 6700 locations in all 50 states, Puerto Rico, Guam, and on military bases in three foreign countries.
The purpose of FSCC is to develop and maintain a cooperative shared branching network, where credit unions share branches with one another. FSCC was the first shared branching network to bring shared branching overseas. Since its organization in 1990, FSCC is the only shared branching network directly owned and controlled by credit unions.
FSCC credit unions represent $149.4 billion in assets and 12.3 million members. Since 1999, FSCC has returned over $15.5 million to its members through patronage dividends, rebates and return of capital and it recently announced their 11th consecutive dividend payment for 2010 of over $1 million.
FSCC is known for its innovative and dynamic approach to delivery channels. FSCC was the first network to pioneer the outlet concept in shared branching. FSCC was the first to use the shared branch interface to connect kiosks to credit unions for on-us and shared branching transactions in a branch and retail environment. FSCC was also the first to launch a 24/7 call center for shared branching transactions. In 2007, FSCC hit another milestone and implemented shared branching services on over 2200 advanced-function self-service Vcom kiosks inside select 7-Eleven stores.