Branch banking

The recent court ruling on debit interchange fees should remind the payments industry how harmful the Durbin amendment is.

DUBUQUE, Iowa – DuTrac CU is opening a branch inside Davenport’s West High School on Monday.

RENO, Nev. – United FCU, a Michigan credit union that gained a foothold here with the 2010 acquisition of Clearstar FCU, this week broke ground on a new, 6,500-square-foot branch.

ROCK ISLAND, Ill. – RIA FCU broke ground on a new corporate center, which will include executive offices along with back office departments and a full-service branch.

The ATM Acquirers Alliance is restructuring its organization to accommodate new industry segments and payments technology and has changed its name to Integrated Payments Alliance.

ALEXANDRIA, Va. – Pentagon FCU announced this morning it has signed a deal to link to 167 ATMs located in Rite Aid stores in Maryland, Virginia and greater Washington D.C., part of a broader ATM co-branding strategy.

David Dove is the new group president of enterprise growth at the ATM operator Cardtronics, which is also launching a new Enterprise Growth Group.

CHICOPEE, Mass. – Alden Credit Union has now opened its third branch over the past four months.

MEDFORD, Ore. – The Internet and online banking may be affecting branch networks, but one person says that branch locations are still critically important – especially when consumers are searching online for a new financial institution.

A federal judge raised the possibility that banks will have to repay billions of dollars to merchants, but legal experts say the court lacks the authority to enact such an order.

ERIE, Penn. – Erie FCU, which moved into the old Glenwood Elementary School in February, announced plans yesterday to spend $8 million to renovate or raze the old school building for a new headquarters.

SPOKANE, Wash. – Numerica CU plans to open a downtown Spokane branch this fall in a 3,000-square-foot space on the ground floor of the former First National Bank Building.

CAPE CORAL, Fla. – Achieva CU opened two branches here this month.

QUEENS, N.Y. – Qside FCU has purchased what it terms a “highly-visible” property as the location for its new headquarters and main branch in Queens Village.

A court ruling that debit card fee caps be lowered could also enable merchants to play card networks against one another.

MARIETTA, Ga. – LGE Community CU said it has purchased 15 of Diebold’s Opteva ATMs, including 13 deposit automation-enabled terminals and two cash dispensers, for its seven branches.

GLOVERSVILLE, N.Y. – Fulton County FCU will open a branch inside the new Walmart Supercenter Wednesday.

COLONIE, N.Y. – CapCom FCU began construction on a new three-story, 118,400-square-foot home in this Albany suburb yesterday.

ATM operators have a lot at stake in the fallout of a federal judge's ruling last week that the Federal Reserve Board needs to review the debit fee caps and network routing mandates set under the Durbin amendment.

CAMAS, Wash. – Lacamas Community CU said this morning its new branch in nearby Andreson will feature customized ATMs from Diebold that feature deposit automation and so-called concierge services that allow members to bypass teller lines while providing more time for credit union staff to help members with more advanced financial service needs.