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Prospera CU restructures closes branch
APPLETON, Wis. (4/12/10)--Prospera CU, Appleton, Wis., is closing one of its branches and two of its GoodMoney payday lending loan alternative sites as a part of a restructuring plan. The credit union said Thursday it would close its Grand Chute branch June 5. Two GoodMoney sites inside of Goodwill stores in Green Bay, Wis., will close June 4. Six positions will be eliminated (Appleton Post-Crescent April 8). The closures are not a result of economics, Sheila Schinke, interim CEO for Prospera, told the newspaper. Trends within the industry show a preference toward automated and electronic branch services, the credit union said. About 50% of Prospera’s Grand Chute members used online account access and 36% used direct deposit. The credit union will continue to maintain locations in Appleton, Neenah and Menasha. Prospera also will continue to offer its GoodMoney services at its remaining locations. GoodMoney services launched in 2006.
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