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News Now

CU System
Fires prompt FSCC CUs to review emerging services
SAN DIMAS, Calif. (11/21/08)--Financial Service Centers Cooperative (FSCC) is encouraging credit unions to review their disaster recovery and business continuity plans after recent wildfires in Southern California affected Los Angeles-area residents. “With a significant number of credit union members residing in the impacted areas, FSCC is reaching out to those credit unions affected by the fires or who have members that are affected,” said Sarah Canepa Bang, FSCC president/CEO. FSCC has an emergency shared branching (ESB) network and is waiving the set-up charge for the program. ESB provides credit unions and their members a method to complete deposits withdrawals at all shared-branching locations. FSCC is not requiring credit unions to sign on to full-blown shared branching. “FSCC’s network also offers more than 500 locations at 7-Eleven stores, which are available to members of shared-branching credit unions or members who have been impacted by the fires,” Canepa Bang said. The California fires burned more than 35,000 acres in Los Angeles, Orange County and in Montecito near Santa Barbara. More than 1,000 people were affected. FSCC is a credit union Shared Branch Network that provides more than 5,500 deposit taking locations in the U.S.


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