Send us a text

What’s the second biggest branch network in US financial services?

Guess Wells Fargo and you’re wrong. It has 5600 branches which makes it the nation’s leader.

But the CO-OP Shared Branching network for credit unions has 5444 branches which puts it in second place.

Chase is third with 4700.

Who knew?

I have thought very little about shared branching in the years I have covered credit unions and I have never done a podcast about it.

So when an email showed up in my box offering Patricia Daley, director of marketing at Ocean Financial Federal Credit Union, as an expert guest to discuss shared branching I had to take her up on this.

Shared branching is a significant credit union advantage but it is not well known. Certainly not by members.

CO-OP says about half of US credit union members have access to shared branching.

Why isn’t a brighter light shined on it?

In this discussion we also take a brief detour into another topic I’ve never explored before - Catholic credit unions because that’s what Ocean Financial is.

Listen up.

Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com

And like this podcast on whatever service you use to stream it. That matters.

Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto