Co-op expands shared branch network to 5.5K locations
Alaska USA FCU, the largest credit union in Alaska and the 17th largest in the United States, is expanding its participation in Co-op Shared Branching, adding 43 new branches to the cooperative network, according to a press release from Co-op Financial Services.
With this latest addition, Co-op Shared Branching now comprises more than 5,500 locations throughout the United States. Shared branching allows members to enter any Co-op Shared Branching location and conduct their banking business — including ATM transactions — as if they were at their home credit union.
“Alaska USA is looking to provide opportunities for our members to access their accounts and other services how, when and where they desire,” COO Brian E. Wolf said in the release. “We see Co-op Shared Branching as an important piece of the puzzle to meeting our members’ needs. It is additive to our expansive branch network with extended hours of operation, our 24/7/365 call center, access to surcharge-free ATMs and online and mobile solutions.”
Wolf said the network supports the overall credit union movement by enabling individual institutions to provide the same branch presence as large national banks. In fact, Co-op Shared Branching represents the third-largest national network of financial institution branches, exceeding that of Bank of America, the release said.
Anchorage-based Alaska USA boasts more than 615,000 members worldwide and more than $7 billion in assets.