You're on the road, hundreds of miles away from home. You could use a cash recharge, but you're a long way from your credit union.
Shared branching keeps you connected to your credit union - no matter where you go.
More than 4,400 credit union branches nationwide share facilities to give members a variety of locations to perform everyday transactions.
With shared branching, members can make deposits and withdrawals, loan payments and transfers between accounts. Members also can purchase money orders, travelers checks and official checks.
"It's very convenient for job transfers," says Dawn King, a member service representative at Dupaco Community Credit Union's Williams Boulevard branch in Cedar Rapids, Iowa. "They don't want to leave their credit union because they have loyalty to it, and this makes it so they can access their account through any credit union that's part of the network."
Each month, Dupaco's Cedar Rapids shared branches serve anywhere from 300 to 400 members of other credit unions, King estimates.
To use the free service, you only need to bring two things: your member number and a valid government-issued photo ID. Some credit unions will ask you to complete a simple form.
"It's pretty well liked, and everybody treats you like you're in your own home credit union," King says. "And that's the whole point."
By Emily Kittle