CO-OP Financial Services Notice

Date: October 30, 2017
To: Washington, DC-area Credit Union CEOs

RE: Credit Union Family Service Center (CUFSC) shared branch location at 9001 Central Avenue, Capitol Heights, MD 20743. The Capitol Heights CUFSC location will close January 31, 2018.

Note: You are receiving this notification if your members completed an average of 100 transactions or more per month in 2017 at the Capitol Heights, Maryland CUFSC.

The Capitol Heights CUFSC sits in a 25-acre area that is about to undergo a major development project. This will include razing the current facility occupied by CUFSC. The developer’s best estimate is that the CUFSC operation will need to move out of the facility in the first quarter of 2018. We are currently operating under a month-to-month lease. While the developers have shown interest in retaining CUFSC as a tenant, it would require a new branch facility to be built in order to continue operations. After much consideration, investment in a new standalone shared branch facility is not economically viable.

For information regarding shared branches in your area, please go to our website and please input your zip code into the “ATM & Branch Locator” area.

Thank you