Shared Service Centers At The7-Eleven

LAS VEGAS - (06/21/06) – Financial Services CentersCooperative unveiled an agreement Tuesday that will allow creditunion members to use shared branching kiosks at 2,250 7-Elevenconvenience stores across the country. Starting in the fourthquarter, credit union members will be able to perform a variety offunctions on 7-Eleven’s ‘Vcom’ kiosks, includingdeposits, withdrawals, transfers and loan payments. The initialrollout is scheduled for 1,052 locations that have the Vcommachines, with close to 1,200 being added as soon as possible,Sarah Canepa Bang, CEO of the shared branching network, announcedduring the co-op’s annual meeting. “This gives usinstant mass. It puts us on a level playing field with the biggestbanks in the country,” Bang said. “No one is beating usto the punch on this. It is an opportunity for credit unions toincrease their depository capability. We are keeping the creditunion movement up to date on the latest technology.” Membersof the other shared-branching networks also will be able to use theVcom kiosks.