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Minnesota Shared Branching grows despite recession
ST. PAUL, Minn. (7/13/09)--Minnesota has expanded the number of credit union service centers on its Shared Branching network to 29 by adding Wakota FCU, St. Paul, and four branches of Members Cooperative CU, Cloquet. Minnesota’s Shared Branching network currently services members of participating credit unions at locations in the Twin Cities, Duluth and greater Minnesota. This year CO-OP Shared Branching has added 264 new locations nationwide to its network of more than 3,730 shared branches. Through Shared Branching credit unions across the country share facilities, providing members thousands of locations to perform basic financial transactions. This cooperative network lets members visit other credit unions and perform transactions similar to those that they conduct at their home credit union. “The Shared Branching network allows credit unions to offer members convenience without incurring the expense of building and staffing additional branches,” said Peter Skaalen, executive vice president of the Minnesota Credit Union Network.


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