Shareholding credit unions of the Financial Service Centers Co-Operative shared branch and payments network have approved a proposal to merge their network with CO-OP Financial Services. This means that when the merger closes in 2012 there will be only one shared branch network serving credit unions across the U.S. “We are very happy our shareholders so clearly see the benefits of combining with CO-OP Financial Services, which not only advances shareholder value but the vision of FSCC to have ...

Between the public outcry over Bank of America's (BAC) new fees and the Nov. 5 "Bank Transfer Day" event that has spread virally over the past few weeks, normally low-profile credit unions have been receiving a great deal of attention as an alternative to the big banks.