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CU Cooperative Systems, Inc. doing business as Co-op Solutions [1] [2] (formerly d.b.a. CO-OP Financial Services), is a company that operates an interbank network connecting the ATMs of credit unions in the United States, with locations also in Canada and certain United States Navy bases overseas. It is the largest credit union-owned interbank ...
Credit Union Service Centers (commonly known as shared branching) is an organization of credit unions that allows members of participating credit unions to process transactions at any participating branch. Members are generally free to conduct normal transactions and day-to-day operations away from their home branch. [1]
“Shared branching” is the term for the system, and it’s made up of a cooperative network of credit unions across the country that gives members access to other credit unions within the network.
It is part of the CO-OP interbank network, with access to over 30,000 ATMs in the U.S. and Canada. Through that Network, the firm also offers CO-OP Shared Branches, which gives members access to more than 5,400. [5] nationwide branch locations. [6]
[2] [3] They operate 18 branch locations and 25 Interactive Teller Machines (ITMs) in Georgia. [4] In addition, Associated Credit Union belongs to the CO-OP Network which provides its members access to over 30,000 surcharge-free ATMs and 5,000 Shared Branch locations. [4]
Local branches of co-operative banks select their own boards of directors and manage their own operations, but most strategic decisions require approval from a central office. Credit unions usually retain strategic decision-making at a local level, though they share back-office functions, such as access to the global payments system, by federating.
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