News

ATM, branch-sharing partners extend, expand relationship in Puerto Rico

November 7, 2013

The success of a shared branching effort in the U.S. commonwealth of Puerto Rico has led Co-op Financial Services to extend its relationship with El Circuito Cooperativo Inc., the company's Puerto Rican business partner. Together the companies serve 22 credit unions with a total of 59 participating branches and ATMs in Puerto Rico. 

The new agreement between Co-op and El Circuito expands beyond the previous marketing deal, to include selling and servicing for the Co-op shared branching network throughout Puerto Rico.

"El Circuito has been an outstanding partner in our mutual goal of ensuring that credit union members in Puerto Rico have the same convenient access to branch services as the largest financial institutions," said Sarah Canepa Bang, president and COO of FSCC LLC and CSO of Co-op Shared Branching. "We look forward to not only extending the reach of shared branching in the Commonwealth, but working with El Circuito to help our clients transform their branches so they remain centers of useful services and revenue well into the future."

"This new agreement allows us to work even more closely with Co-op Shared Branching and provide a greater range of services to our clients," said Kerwin Morales Rivera, president of El Circuito Cooperativo. "Co-op Shared Branching is the right partner to help us advance the credit union movement in Puerto Rico."

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