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To the consternation of some, surprisingly, we reported earlier this year about the overall decline in the number of credit union branches in the United States. It was a strange week or so with some credit union leaders questioning the data we pulled directly from the NCUA. Despite the anti-dataers (?), the fact is that credit unions had a net loss of 100 branches in 2020. And honestly, that seems OK.

To begin, let’s take a closer look at the numbers. At the end of last year, credit unions had a total of 21,215 branches in all 50 states and U.S. territories. That is 449 fewer branches than in 2019.

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Michael Ogden

Editor-in-Chief for CU Times.

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