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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.


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