Shared branching is a cooperative network that allows members of participating credit unions to access their accounts at select branch locations and self-service kiosks or ATMs. A shared branch can be identified by the CO-OP Shared Branch logo at left. Nationwide, there are more than 1700 participating credit unions and over 5000 shared branch locations. To date, shared branching is the fourth largest branch network in the country. Locally, the Shared Branching Network of Georgia supports over 150 shared branching locations. To find a shared branch location near you, go to www.co-opsharedbranch.org.
Credit unions who participate in shared branching join as either an issuer only or an issuer/acquirer. As an issuer your members can perform multiple types of transactions, including but not limited to, deposits, withdrawals, transfers and loan payments. There are many benefits of shared branching, including convenience, member retention/loyalty, and adding additional branches without the cost of building. And for those credit unions looking to offset their issuer expense or potentially earn income, they can become an acquirer also. Acquirers operate one or more of their branches as a shared branch location and service members from other participating credit unions.
For more information on joining the Georgia shared branching network, please contact us at firstname.lastname@example.org. Already a Georgia shared branching participant? Additional resources can be found at www.cuscga.com.