Superior CU headquarters expansion Superior Credit Union, serving a rural section of Ohio, completed an expansion of its headquarters in Lima this year. Photo credit: Facebook

While the economic expansion has continued for more than 10 years, CUNA Chief Economist Mike Schenk said its benefits have largely bypassed rural areas, home to 17% of the nation’s population and 8% of credit union members.

Credit unions are more commonly based in rural areas than banks, putting them in a unique position to help, Schenk said in CUNA’s November “Economic Update” video.

Jim DuPlessis

A journalist for decades.

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