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Shared Branching

One of the most common reasons we hear from people hesitating to join a community-powered credit union, is that they're worried they'll have to switch banks when they move. It's true that there's no MagFedCU branch in, say, New York City, but with Shared Branching, there might as well be!

By using the national CO-OP Shared Branch Network, your membership and accounts remain at Magnolia Federal Credit Union, but you can access your accounts and conduct business at any of the convenient branch locations. Make deposits and withdrawals, transfer funds, purchase traveler's checks — the whole nine yards! Or 230,000 yards...

Summary

Anywhere you see the CO-OP Shared Branch Network logo you can conduct a variety of key transactions, such as:

  • Deposits
  • Withdrawals
  • Loan Payments
  • Make transfers between accounts
  • Purchase money orders, traveler's checks, and official checks*
  • And more!

To take advantage of this service, when you enter a shared branch you only need to bring:

  • Your home credit union's name
  • Your account number
  • Valid government-issued photo identification, e.g., State Driver's license, U.S. Passport

To find a CO-OP Shared Branch near you:

  • Download the iPhone or Android app
  • Text a street address or zip code or "City State" to 692667 (my coop)
  • Log on to CO-OP Shared Branching
  • Call the automated locator toll-free 1-888-SITE-CO-OP (888-748-3266)
  • For live personal assistance for CO-OP Shared Branch members only, call 888-837-6500

Important information:

  • For security and ID theft protection, shared branch transactions cannot be conducted in the drive through.
  • Transaction amounts may be limited based on the location.
  • Transactions involving personal checks are subject to check holds. Please refer to Magnolia FCU's funds availability policy.

*May not be available at all outlets and locations.