Credit unions like TCU offer tangible advantages. They reinvest their earnings where it matters most — lower loan rates, generous rewards programs and big investments in online and mobile banking technology.
A perceived downside of credit unions can be their limited service areas. If you’re a member of a credit union in southern Indiana, for example, what do you do if you need to visit a branch while traveling to New York on business? The CO-OP shared branch network was designed to address this — members of CO-OP credit unions can visit the branches of any other CO-OP credit union to conduct business. Even better, they have access to the network’s 700 free ATM locations across Indiana — and over 30,000 reduced-fee ATMs nationwide.
WHAT IS SHARED BRANCHING?
TCU and 1,800 of the country’s 7,000 credit unions belong to the CO-OP Financial Services shared branch network. Members have access to over 5,400 shared branches with locations in all 50 states.
Members can complete most of their regular transactions at the branch as they would at their local credit union.
You can find participating ATMs and branches here, and on TCU’s locator services webpage.
You can also find a local participating credit union by downloading the CO-OP ATM/Shared Branch Locator app on your iPhone or Android devices, or by calling 1-888-748-3266.
WHAT CAN MEMBERS DO AT A SHARED BRANCH?
You’ll be able to make deposits, withdrawals and transfers between accounts. Members can also make loan payments and purchase money orders.
To complete a transaction at a shared branch, you’ll need to provide a valid, government-issued photo ID, along with your credit union’s name and your account number.
WHO BENEFITS FROM SHARED BRANCHING?
Shared branching is best for people who want to hang on to the benefits of credit unions — strong rates and low fees — without giving up the conveniences offered by big banks. The service can be especially useful for people who joined a credit union in a town that they have since moved away from, or that might not be home for long.
The biggest benefit of shared branching is that it allows credit unions to compete on an even footing with big nationwide banks, but still offer the personal service that is the hallmark of credit unions.
With the CO-OP shared branch network, TCU members get access to the second-largest branch network in the country — after Wells Fargo’s network.