Limited FOM Credit Unions Project

A recent study finds that credit unions with an open field of membership were more likely to have added branches over the past two years. According to the 86 responding credit unions, 85 new branches, or almost one branch per credit union were built. The 88 credit unions with a limited field of membership added just 48 new branches, or .5 branches per credit union.

 
 

More New Branches In Upcoming Two Years
A recent Callahan research study finds that for the last two years, credit unions with an open field of membership were more likely to have added branches over the past two years. According to the 86 responding credit unions, 85 new branches, or almost one branch per credit union were built. The 88 credit unions with a limited field of membership added just 48 new branches, or .5 branches per credit union.

Over the next two years, however, the 88 credit unions with a limited field of membership project a growth rate almost four times that of the 86 credit unions with an open field of membership. These 88 expect to add 74 new branches, a 54.2 percent rate of increase. The 86 open credit unions plan to add a greater number of branches, 97 additions are planned, but even this equals only a 14.1 percent rate of growth.

 

 

 

Jan. 14, 2002


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