Shared Branching for Credit Unions

Participating credit unions from around the country have agreed to share their branch facilities to allow members to conduct personal financial transactions through a national shared branching network. By joining the CO-OP Shared Branching Network, your members have access to over 5,000 branches nationwide. In Pennsylvania, the network is coordinated by Pennsylvania Credit Union Service Centers, Inc. (PaCUSC). The Delaware League has negotiated an agreement with the Pennsylvania Credit Union Association to tie into their shared branching network.

By using the Shared branching Network, member accounts remain at your own credit union. Members can access their credit union account and conduct business through any Shared Branch location. With so many convenient locations, your members will be able to access their account whenever they travel or even if they relocate hundreds of miles from your credit union.

Member Services

  • Depending on the location, the following services are available:
  • Check and Cash Deposits
  • Withdrawals (Some restrictions may apply, depending on a location’s cash availability)
  • Loan Payments
  • Account Transfers
  • Money Orders
  • Travelers Checks
  • Official Checks

Convenient Locations – Extended Hours

Many shared branches offer Monday through Saturday hours, as well as evening hours.

Since new branches are added to the network every day, your members will have two convenient ways to find the location and office hours for every shared branch on the network. Members with Internet access can view this information on the Co-op Shared Branching website — www.co-opsharedbranch.org. Members may also obtain this information by calling our toll-free number — 888-SITE-CO-OP (748-3266).

Member Verification

Members need three things when visiting a shared branch office:

  • The name of their participating credit union
  • Their account number
  • A current, government-issued picture ID with signature

Members simply provide this information to the teller at any CO-OP Shared Branch office.

Getting Started

Cost

The cost to certify to the network will be determined by your data processor. There is an initial setup fee to CO-OP Shared Branching. Once certified, PaCUSC will bill your credit union based on an established transaction fee schedule. A complete schedule of fees is available upon request.

Implementation

Credit unions should contact their data processor to determine if they are certified to the network through CO-OP Shared Branching.

Credit unions may opt to become an acquirer (i.e., open your credit union branch to accept shared branching transactions) in addition to participating in the network.

Depending on the credit union’s Data Processor, the typical implementation time is 90 to 180 days.

To receive a Price Quote Worksheet, please contact Jane Bailey at the Delaware League on 800-292-7875 or jane@dcul.org.