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
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.