Chart showing credit unions added 34 branches in the first quarter

NCUA data revealed credit unions added another 34 branches in the first quarter, and credit unions have announced plans for at least seven more this year.

The NCUA showed that the nation’s 4,808 credit unions on March 31 had 21,782 branches or headquarters. While that was still 233 less than December 2019, it represented a net gain of 126 locations in the past 12 months, including the 34 added since Dec. 31.

All the growth came from the South and West Census regions. The South had a net increase of 22 locations in the first quarter, while the West added 18. The Northeast lost six locations and the Midwest had no net change.

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

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

  • Critical 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 and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jim DuPlessis

A journalist for decades.

More from this author

Dig Deeper


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 and

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

Copyright © 2023 ALM Global, LLC. All Rights Reserved.