X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Branches have been the foundation of the credit union service proposition since the beginning. While many simple transactions formerly handled by tellers are migrating to digital channels, that doesn’t mean branches are becoming a thing of the past. In fact, branches continue to deliver unique value to your members and, when managed well, remain one of your most strategic assets.

Branches By the Numbers

According to 2015 FDIC research recently reported by the Financial Brand, financial institutions continue to operate more than 94,000 branches nationwide today. A recent Bankrate poll determined that 45% of Americans had visited a branch within 30 days of being surveyed. And Alite Group research also reported in the Financial Brand finds that U.S. consumers open 28.3 million checking accounts in person annually, but only 7.2 million via a financial institution’s website and less than two million using a smart device. 

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?

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

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