RANCHO CUCAMONGA, Calif. (6/19/12)--FSCC LLC, a part of CO-OP Shared Branching, and New England Credit Union Services LLC, are partnering on a marketing initiative in three New England states to expand credit union participation in shared branching.
A total of 10 credit unions in Massachusetts, New Hampshire and Rhode Island have signed letters of intent to join the CO-OP Shared Branching network since the initiative kicked-off in early April. The 10 credit unions will bring 36 new branches into the network, which includes more than 4,600 branches plus 2,200 Vcom kiosks at 7-Eleven stores nationwide.
The marketing initiative includes a package of relationship pricing opportunities that also features CO-OP Network, the 30,000-ATM network operated by CO-OP Financial Services. Credit unions in the three states have until July 31 to take advantage of the package offer.
The organizations are not identifying the credit unions that have signed letters of intent because contracts are pending and are not expected to go into effect until next year. However, FSCC LLC, and NECUS LLC, are planning to announce specific signings on International Credit Union Day, Oct. 18, in a New England-based event involving the media, credit unions and their members.