On Deadline: Delaware Explores Branching
Representatives from eleven of the state's 34 credit unions are meeting here to discuss a proposal that would make Delaware one of the last states to join shared branching.
The Delaware CU League is in talks with the Pennsylvania CU Association to bring its sister state onto the shared branch grid through CU Service Centers, one of three competing shared branching network, according to Jane Bailey, vice president of the Delaware league.
Each of the three networks, including Financial Service Centers Cooperative and Service Centers Corp., have outlets in Delaware but none through a home state credit union. Delaware credit unions discussed a shared branch hook-up 12 years ago, but backed off.
Now there is some renewed interest since shared branching has become more cost-effective, said Bailey.