RANCHO CUCAMONGA, Calif. Rhode Island Credit Union became just the eighth CU participating in CO-OP Shared Branching in the state of Rhode Island when it simultaneously joined CO-OP Shared Branching and CO-OP Network.
Founded in 1946 and based in Providence, R.I., Rhode Island CU has more than $240 million in assets and services more than 25,000 members.
“Our partnership with CO-OP Shared Branching allows our members to have access to their accounts at thousands of convenient locations to perform transactions including deposits, withdrawals and loan payments,” said David Suvall, president and CEO of Rhode Island CU. “And, as CO-OP Network is larger than any major bank network of ATMs, we can now provide our members with added convenience and save them money by offering 30,000 additional surcharge-free ATMs.”
In late April, CO-OP Financial Services announced a two-year consumer rebranding program for both CO-OP Shared Branching and CO-OP Network. Consumer-facing branding for shared branching locations will become CO-OP Shared Branch and the ATM network will be known as CO-OP ATM.
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