Twenty-one of Arizona’s 45 credit unions participated in shared branching in the first quarter of 2013, the most of any state. Maine and Alaska rounded out the top 3, with 44% and 42%, respectively of credit unions in the state participating in shared branching.
Shared branching allows credit union members to utilize a credit union branch when they are traveling and not able to access their local credit union. Credit unions that participate in this network allow members from other participating credit unions to make deposits, withdraw money, and use other services free of charge.
Over 1,100 credit unions were active in the shared branching network in the first quarter, with California having the largest number of credit unions participating at 83.
Roll over the map below to see the number and percentage of credit unions participating in shared branching and the total number of credit unions in each state.
PERCENT OF CREDIT UNIONS PARTICIPATING IN SHARED BRANCHING BY STATE
Data As of March 31, 2013
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