<p>WASHINGTON.- A Callahan & Associates' study finds that credit unions will add 26% more branches in 2002-2003 than they did in 2000-2001. According to the 3rd Quarter Research & Data Report, at mid-year 2001, the total dollars invested in land and buildings by the nation's 10,365 credit unions had reached an all-time high of $6.85 billion. Callahan & Associates President Charles A. Filson points to the sample in the Callahan study as a snapshot of what kinds of credit unions are branching out the most and the types of branches that are most popular. Key findings in the study include over 41% of CUs offering lending related growth incentive programs; storefront facilities increasing over the next two years; and credit unions with limited fields of membership increasing their number of branches at four times the rate of CUs with open FOMs. For more information regarding the branching study visit www.creditunions.com.</p>

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.