The Pulse (07-17-13)
July 17, 2013 ● Volume 02, Issue 28
View 07-17-13 issue of The Pulse
Convenience of Shared Branching helps Minnesota Valley earn "best bank" accolades
Valley Federal Credit Union was awarded the 2013 Mankato Free Press
Readers’ Choice Award as the "best place to bank” in Mankato, thanks in part to
the convenience it provides through CO-OP Shared Branching. The awards allow the community to vote on their top area businesses,
restaurants, and recreational activities around the Mankato area.
has been serving the greater Mankato area since 1934, and now providing banking
services to more than 11,000 members.
the things that made us extra popular is last year we introduced shared-service
branching. In any of the 50 states, you can find a credit union and walk in to
do business,” said MVFCU President/CEO Nick Meyer in the Free Press article.
Branching offers credit unions nationwide a competitive advantage, as CUs join
together to create shared service center locations. The shared branching
network enablescredit unions to provide their members with more than 6,000
convenient locations to perform transactions, just as if they were at their
home credit union. By sharing facilities, credit unions extend their reach to
offer greater convenience to all members in Minnesota and across the nation.
Take advantage of this opportunity to serve your members better, without the
time and expense of building additional branches.
shared branches, members simply need to provide their name, account number and
a valid government-issued photo ID. Service center tellers then access the
member’s account and perform the requested transaction in real time. Credit
unions receive daily transaction settlement reports and monthly transaction and
billing reports. Members pay nothing for all the basic services offered through
shared branching. To locate shared service centers around the country, visit www.cuservicecenter.com.
additional information about shared branching and see how a service center
strategy can help your credit union become the "best bank” in town, contact
MnCUNVice President – Network Service Corporation John Ferstl by email or at (651) 288-5505.