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Indiana Credit Unions Top the Banks at the Branching Game

Credit Union “Shared Branching” Now the Largest Branch Network in Indiana

Largest branch networks in Indiana. Credit union "shared branching" now tops the list with 201 branch locations for members to utilize statewide.

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October 8, 2009 – Indianapolis, Indiana – The cooperative nature of Indiana’s credit unions has created a milestone event: they now offer the largest branch network in the state. By partnering with Credit Union Centers of Indiana (CUCI), the networked credit unions can give members access to their accounts at 201 shared Indiana locations. That’s more branches than any other financial institution that does business in the state, including large regional players JP Morgan Chase, PNC/National City and Fifth Third.

“This really speaks to the power of credit unions, and the cooperation among Indiana credit union leaders,” says Karol Griffin of Teachers Credit Union (South Bend) and President of CUCI. “By sharing resources, credit unions can keep costs down and offer a great convenience to their members while staying extremely competitive.”

“By sharing branches through the Credit Union Centers network, even the smallest credit union can compete with the largest banks in the region when it comes to convenience and access,” says Dan Davis, EVP/CFO of Credit Union Centers.

After building the largest branch network in Indiana, what’s the next step? Paul Simons of Rantoul, Illinois-based Credit Union 1 knows the answer. “We’ve partnered with CUCI to begin building the largest branch network in Illinois” says Simons. “Credit unions continue to be a great choice for consumers, and by banding together and building a large shared branch network, it will make joining a local credit union the smart choice.” Credit Union 1 operates 13 of the 64 shared branch locations currently operating in Illinois.

CUCI is part of Credit Union Service Centers, the national shared branching network that offers access to more than 3,800 shared branch locations nationwide. Members can easily find a shared branch by going to the national locator website at www.creditunion.net or calling (800) 919-2872.

Credit Union Centers shared branching network offers access to more than 3,800 credit union shared branch locations nationwide. For more information about shared branching, visit www.cucenters.com.

Contact:

Chuck Barr
Credit Union Center
P.O. Box 50425
Indianapolis, IN 46250-0425
317.594.5303
chuckb@cucenters.com

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