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International Shared Branching Starts Up In Ecuador

For the first time ever, two credit union shared branching systems in different countries are able to talk to one another and handle transactions, according to an announcement from the World Council of Credit Unions, which has sponsored the effort to develop the connection.

By David Morrison | Updated on November 20, 2007

QUITO, ECUADOR — For the first time ever, two credit union shared branching systems in different countries are able to talk to one another and handle transactions, according to an announcement from the World Council of Credit Unions, which has sponsored the effort to develop the connection.

Carroll Beach, president of CO-OP Shared Branching made the first deposit into his account in a U.S. credit union from a shared branching outlet in Ecuador. CO-OP Shared Branching has been involved in the project since well before it changed from Credit Union Service Centers and supports it with the Next Generation switch.

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