New Analysis Finds Branch Building Boom To Continue In Next Two Years
A new forecast for credit union branches is predicting that growth will continue at a record
At the same time as the nation's three primary shared branch networks for credit unions have reached an agreement
That follows the third straight year of expansion of branch expansion of 10% or more, according to the study, a part
The study is based on 201 responses to a survey sent to the 2,490 credit unions with more than $30 million in assets.
"Responses show that the commitment to branching expansion runs deep in credit unions of varying sizes and types
Other Findings In The Research
Among the other findings:
*Storefront branches will increase, but free-standing branches will continue to represent more than half of
* Credit unions with limited fields of membership expect to grow their number of branches at four times the rate of
* Incentive programs are offered to branch employees in more than 41% of credit unions, with growth incentives,
The Callahan statistics do not include the ongoing growth in the shared service center networks.