Search
 

Total Number of ATMs Not the Whole Story

The May 10th edition contained an article on ATMs and listed the credit unions with the most ATMs. The number of ATMs isn't necessarily the whole story. My calculations show that State Employees CU of N.C. had one ATM for every $15 million dollars in assets. Services Center FCU and...

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The May 10th edition contained an article on ATMs and listed the credit unions with the most ATMs. The number of ATMs isn’t necessarily the whole story. My calculations show that State Employees CU of N.C. had one ATM for every $15 million dollars in assets. Services Center FCU and our partner Vermillion FCU have a total of nine ATMs and combined assets of over $30 million. Thus, we have one ATM for each $3,430,000 in assets. If State had the same ATM-to-asset ratio they would have 3,765 ATMs. It is worth noting that Actors FCU on the list has a ratio of one ATM to just $488,900. That is an impressive ratio. I am not trying to take the wind out of State’s sails, but sometimes numbers can tell only part of the story. David J. Wright CEO Services Center Federal Credit Union Yankton, S.D.

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

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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.

Already have an account?

Trending Stories

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.