CUSN hits 500 shared-branch milestone with Ascentra CU
LAKEWOOD, Colo., and BETTENDORF, Iowa (12/15/14)--One of Iowa's largest credit unions has become the 500th shared branch in the CU Service Network (CUSN).
The 34,000 members of Ascentra CU, Bettendorf, Iowa, with $342 million in assets, will now have access to more than 5,000 shared branch locations nationwide.
"Ascentra knows the importance of adding convenience for our members and future members, and shared branching is one way we can be there for those traveling, college students who move away, and snowbirds," said Ascentra President/CEO Dale Owen.
The Iowa Credit Union League was on hand for the presentation that noted Ascentra's role in CUSN's milestone.
CUSN is a network of seven states that help make up the nationwide shared branching network.
"To be the 500th shared branch of CUSN is an important milestone for Ascentra which speaks to the cooperative spirit of the credit union movement," Owen said. "Together all shared branching credit unions now have a footprint as prominent as the largest banks in the country."