Delaware CUs Eye The Shared BranchingGrid

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WILMINGTON, Del. - (06/28/06) – Representatives from eleven ofthe state's 34 credit unions are meeting here Wednesday to discussa proposal that would make Delaware one of the last states to joinshared branching. The Delaware CU League is in talks with thePennsylvania CU Association to bring their sister state onto theshared branch grid through CU Service Centers, one of threecompeting shared branching network, according to Jane Bailey, vicepresident of the Delaware league. Each of the three networks,including Financial Service Centers Cooperative and Service CentersCorp., have outlets in Delaware but none through a home statecredit union. Delaware credit unions discussed a shared branchhook-up 12 years ago, but backed off. Now there is some renewedinterest since shared branching has become more cost-effective,said Bailey.

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