Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
FSCC shared branching adds CU in Micronesia
SAN DIMAS, Calif., and MAITE, Guam (2/26/09)--Government of Guam Employees FCU, an associate member of the Defense Credit Union Council (DCUC) and based in Barrigada, Guam, is joining the Financial Service Centers Cooperative Inc.'s (FSCC) shared-branching network--just in time for a surging military buildup in the region. The credit union is the first credit union in Micronesia--a region stretching from Hawaii to the Philippines--to join a shared-branching network, said FSCC. The credit union will open its branches to thousands of military shared-branch members who are projected to travel to and through the region in the next few years. Guam is predicting 17,000 new residents will arrive on the island in the next five years. U.S. Marines stationed in Okinawa, Japan, will transfer to Guam by 2014, bringing with them thousands of new jobs and an economic boom. Already, the island reports it receives more than one million visitors a year. The credit union, which provides services to more than 40,000 of the island's 175,000 residents, will have easier access to stateside accounts and funds through the shared branch network, said FSCC. "Credit union members are demanding more access to their accounts," said Arty Arteaga, president/CEO of DCUC. "In particular, the millions of military members and their families who belong to credit unions that support the Department of Defense (DoD) need enhanced delivery channels to access their money and accounts through a quick and simple system. For many members, especially those of the DoD establishment, shared branching is a necessity," Arteaga said. Shared-branching services, which will be offered to civilian as well as military members, will be available on the island starting this spring.


RSS





print
News Now LiveWire
Which Children's Miracle Network Hospital is the winner of @CUDirect's 20 for 20 grand prize? Find out Tuesday.
1 hours ago
Gas prices have fallen for a record 88 days in a row says @AAAnews via @washingtonpost http://t.co/c52VTdqHEB
3 hours ago
.@TheNCUA releases regulatory modernization initiative results (PDF link) http://t.co/pgLZe4aget
3 hours ago
#FinCEN seeks nominations of FIs, trade groups for membership on Bank Secrecy Act advisory group http://t.co/l5w58c277W
4 hours ago
MI pediatric dentist pledges $20K match to Hurley Children's Hospital if it wins @CUDirect's 20 for 20 http://t.co/Eq2nIPm6jo
5 hours ago