Banks-VS-Credit Unions

Because of Chexsystems, finding a local account can sometimes be difficult depending on where you live. We have found a great alternative for those that can not find a local non-chexsystems bank or a credit union. It is called Shared Branching.


People seem not to understand entirely what shared branching actually means. It is simple. It makes having an account that is not local, the same as if it were local. Generally, would get a membership at a credit union that may be out of state and not local to you. You would then be able to get service on your account(s) at a credit union that you do NOT belong to that is local to you.

Even if the shared branches that are local to you are credit unions that use Chexsystems, it doesn't matter. They are simply servicing your account. You can go to the teller line and make deposits, withdrawals and payments all on your accounts. The same as if you opened your account there. If the shared branch has a deposit taking ATM, then you are able to make deposits at the shared branch using their ATM as well.

This is definitely a great opportunity for someone on chexsystems that may live in an area where it is hard to find a bank or credit union that doesn't use Chexsystems. Or even a good back up account for those that have found an account already.

The credit unions that we have found that offer shared branching can be found on my forum

In order to get a copy of my list if credit unions that offer shared branching, you must complete a FREE analysis first.

I no longer post these credit unions on my lists because of the overwhelming response they had. Many of them were swamped with new applications.
After the FREE analysis(just a few questions about your specific chexsystems record) if there are no other options that are better fit for your needs, you will be instraucted which credit union would be best and given that information. I appreciate your understanding in this matter.