In the TAM, the IRS took the unusual step of addressing additional issues that were rendered moot by the conclusion that the branching
rights did not have an FMV basis under Sec.
Based on the recent swell of in-store branching
interest, IBT predicts the number of supermarket branches in the U.
Our decision to participate in the FSCC shared branching
network will give new meaning to the word convenience at UMassFive.
Cincinnati-based Star Bank became a major player in the in-store branching
arena in the first six months of 1993, opening the first bank branch in a Super Kmart combination store in the United States.
2235's approach that would extend interstate branching
powers to only those banks that are at least adequately capitalized and adequately managed (which we assume means having acceptable supervisory ratings).
Participating credit unions currently have access to 1,620 shared branching
facilities in the United States and internationally in Germany, Guam, South Korea, Italy, Puerto Rico, and Japan.
gives us the ability to serve our members in other parts of the country without our investing in brick and mortar and personnel in thousands of locations -- allowing our service to be more competitive.
enables EECU to better focus on members' needs and offer exceptional service.
Now its offerings encompass the spectrum of retail branching
services to include a variety of products and services, such as specialized consulting.
org), which provides access to over 1,000 national network branches, developed the nation's first shared branching
network in 1975, a method whereby one or more credit unions can conduct business in one facility, thus offering members more locations for a fraction of the cost of "going it alone.
We expect to open two of these three branches by year-end and we will continue to seek de novo branching
opportunities in the New York Metro area," added Coyle.
FSCC), an international credit union shared service center network, and the Defense Credit Union Council (DCUC), a trade association for defense industry credit unions, have signed an agreement to promote shared branching