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New shared branches fill gap in Calif. high desert
ONTARIO, Calif. (8/12/10)--Nearly 200 credit unions with more than 30,000 members in the high desert cities of Hesperia and Apple Valley, Calif., won't be cut off from shared branching after actions taken by several California credit unions and organizations. Financial Service Centers Cooperative Inc. (FSCC), Cardtronics, and a group of California credit unions ensured that shared branching would still be available despite the recent sale of four Arrowhead CU branches in the area. Arrowhead's branches had been active shared branch outlets prior to their sale. FSCC announced the first location is a full-service, in-store branch operated by Vons CU, in Hesperia. The second is a Vcom terminal in the 7-Eleven store in Apple Valley. FSCC also worked with its shared branching partner Cardtronics to have a Vcom terminal deployed on July 26 in Apple Valley. Vcom terminals are self-service, full-function kiosks located inside select 7-Eleven stores branch with the added convenience of 24/7 access. Although Vcom terminals rarely are moved, Cardtronics offered to help when FSCC said Apple Valley members might not have access to shared branching. “This could have been a devastating situation for thousands of members and a black eye for the concept of credit union cooperation,” said Sarah Canepa Bang, FSCC president/CEO. “We’re extremely blessed to have collaborative partners like Vons CU and Cardtronics who were willing to join us in jumping to the aid of members in the California high desert." About a dozen California shared-branch credit unions are working with FSCC to bring more shared branches to the area.


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