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Our client U-1st Community FCU of Carlsbad, NM, is now part of the CO-OP Shared Branching Network. We are thrilled not only to welcome a new shared branching client, but especially one who brings shared branching to an unserved region. Their branch in Carlsbad, NM is quite a welcome addition to the network, as U-1st now offers the only shared branch within a 160-mile radius! Furthermore, their branch in Carlsbad, NM, will serve a quickly-growing population and industry - one that is experiencing the challenges of an oil boom.
Their branch will join the 5,600 other branches who are a part of the national network. Theresa Quinonez, CEO of U-1st Community FCU commented, “As a credit union, our number one reason for being here is to provide service to members. Whether they are ours or not, it really does not make a difference.” U-1st Community FCU certainly will be able to fulfill this duty, as Carlsbad is in need of a shared branch. The city is experiencing an oil and gas boom and is growing exponentially, attracting individuals from all over the nation to work in the Permian Basin. A shared branch will provide these recent transplants a way to connect with their hometown credit unions, allowing them to make deposits, withdrawals, payments and more.
^Robert D. Flaherty/ EnergyLandscapes.net
The Shared Branching Network now spans across all 50 states, but gaps in the network do still exist. As one of the largest and oldest shared branching servicers in the country, we are always thrilled to welcome a credit union to an underserved area of the country and strengthen the network.
U-1st Community Federal Credit Union was established on October 3, 1955 and serves the people of Eddy County, New Mexico. They help with individual loan and checking account needs and offer a wide variety of products and services, including consumer loans, money market accounts and more. With over 55 years of experience, their member service representatives give honest solutions to fit individuals’ needs.