ALBANY, N.Y. — Hudson River Community Credit Union and Capital Communications Federal Credit Union jointly announced their participation in the CO-OP Shared Branch Network.
This initiative will now permit members of Hudson River , (a $197-million credit union based in Corinth, N.Y.) and Capital Communications (a $1.2-billion institution based in Albany) to perform financial transactions at either of the credit unions' branches, as well as at more than 5,000 CO-OP locations nationwide.
The parties said that this partnership will immediately add 14 local branches to the shared branch network and a 15th location when Capital Communications breaks ground in the town of Malta, N.Y. this summer.
"We are pleased to announce our participation in the CO-OP Shared Branch Network. Through this shared branching service, we provide greater access for credit union members to their accounts while supporting the credit union philosophy of people helping people," said Hudson River CEO Sue Commanda in a statement.
Paula Stopera, president and CEO of Capital added: "The CO-OP Shared Branch Network exemplifies the spirit that makes credit unions so unique. As credit unions, we have a common goal of helping members make educated financial decisions. We welcome the members of partnering credit unions to conduct their banking as conveniently as possible."
Other local credit unions participating in this initiative include First New York FCU (a $280-million institution based in Albany); Saratoga's Community FCU ($38-million; Saratoga Springs, N.Y.), School Systems FCU ($79-million; Troy, N.Y.) and Sunmark FCU ($466-million; Latham, N.Y.).
