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Arkansas Best FCU Lauds the Benefits of Shared Branching
Thursday, October 20, 2016 6:55 AM

Arkansas Best FCU

CU Resources, Inc. has announced the addition of new acquirer locations that are available for Shared Branching guest members in Arkansas. Arkansas Best Federal Credit Union in Fort Smith recently became an acquirer for Shared Branching.   

Arkansas Best FCU has been involved in Shared Branching for about 15 years. They began as an issuer only, and report that it's been a great service for their (mostly) truck-driving members who are spread out all across the country.

"Early on in our involvement with Shared Branching, and several times since, we have toyed with opening up our branch to be an acquirer," said President/CEO Norma Meares. "However, the costs for linking our one location into our core processor for this addition was more than we were ready to invest in, and our projections did not show a short enough break-even period to make it worth our while. We continued to enjoy the service offering for our members, but it was not until the offering for the CIMple Teller option made being an acquirer very attractive that we made the decision to put our credit union on the list." 

"With minimal equipment or financial commitment, we have now been a live acquirer location for about a month," Meares continued. "All is going just as expected with guest member transaction postings and settlement. We have been strong supporters of the Shared Branch system for years, and are proud to finally play the part of an acquirer."

Please join us in welcoming Arkansas Best FCU to the ever-increasing locations in Arkansas and the CO-OP’s Shared Branching Network, which consists of more than 302 locations in Texas, 42 in Arkansas, and more than 5,500 locations nationwide.

The new acquirer can be looked up using the CO-OP Shared Branching locator website at co-opcreditunions.org/locator offering Shared Branching services to participating credit union members. Or call toll free at 888-748-3266.

Find your nearest Shared Branching location by linking to the CO-OP Shared Branching locator site at co-opcreditunions.org/locator, CO-OP Financial Services is an endorsed business partner of Credit Union Resources, Inc., a wholly owned subsidiary of the Cornerstone Credit Union League.