Shared Branching is a national network of credit unions (CU) from all over the USA that is aimed at providing CU members fast, easy and convenient access to their accounts. Transactions are transmitted from one branch to another in a way that resembles that of an ATM network. CUs have joined together to find a fast and up-to-date solution to the need for easy access points for CU members.
Services available through Shared Branching:
- Make deposits and withdrawals;
- Transfer money;
- Make credit card payments;
- Purchase money orders and official checks at many locations;
- And more.
Shared Branching can help a CU serve a member vacationing in California (or another state) by allowing him to transact business over the counter at a participating shared branching CU displaying the CU Swirl symbol. The member merely gives the proper CU name to the teller, who then pulls up the corresponding CU. At the same time, it would take for your own teller to make the deposit, the transaction is completed. Deposits, withdrawals, loan payments, and inquiries are all available to members of CUs wherever they are in the USA. New locations join the system on a regular basis.
More than 1,800 CUs participate in the Shared Branching network, creating more than 5,000 shared branch locations.