ROCKY HILL, Conn. – In an age when credit unions are touting mobile banking, Nutmeg State FCU is bringing the branch to its members in a different way.
The $340 million credit union is launching its own mobile branch later this week, a 20-foot branch on wheels that will carry a full staff of Nutmeg employees to conduct transactions and an on-board ATM. On board the branch members can open accounts, apply for loans and access just about any service they would in a physical branch.
The credit union will roll out its new branch on wheels Thursday at a local middle school to highlight the school’s Nutmeg’s School Banking Program, then at select group workplaces and community events.
The self-powered branch, equipped with a generator and back-up cell towers, will also be used during and after disasters, like Hurricane Sandy, which knocked out power to thousands of homes and businesses in the state.
“This is yet another way we’re trying to create superior service to our members,” said John Holt, president of Nutmeg. “This new Mobile Branch will offer the ultimate conveniences as it’s equipped to administer all services, just like a branch…it even has an ATM on board.”