Growth Strategies

Branches are placed inside a building, such as an employer's headquarters or a mall, effectively creating a collapsible satellite branch.

Acquisition of seven branches will expand the credit union's presence in one of the nation's fastest growing metro markets.

Inlign Insurance will serve residents of Massachusetts and New Hampshire.

The credit union's leader believes this change "removes membership barriers and provides opportunity for future growth" for the $978 million CU.

Michigan, Alabama and Connecticut CUs have launched new projects in 2019 to attract and retain new members.

Forty-five metro areas see shrinking credit union branch numbers from 2014 to 2019.

The number of CUs acquiring banks will grow, the question is by how much – and there are a few dynamics at play.

For credit unions to compete, adopting an innovative mindset will help to break the barriers of traditional thinking.