With today’s economy still sputtering, credit unions – and just about any other organization across the nation – remain vigilant about cutting costs to survive and hopefully thrive when the economy returns to good health. In the meantime, credit unions are making every effort to keep their expenses in check while not sacrificing member service to maintain their value.
Learn how Midwest Carpenters effectively expands their branch presence.
Your best members still like brick-and-mortar branches.
No matter how painful, closing credit union branches is a reality in today’s economy. But there is an answer that can fill the void of an empty location to keep members engaged. Credit unions closing branches over [...]
Through its shared branch network, Purdue Federal members used over 2,000 different branches from 745 credit unions across 20 states to make deposits and conduct other transactions. In the not-so-distant-past, Purdue Federal Credit Union ($641 million; 59,448 [...]
Because if its many conveniences, shared branching has become a core part of Midwest Carpenters’ business strategy to continue growing while keeping expenses in check. Many times credit unions want to expand but cannot afford to because [...]
As new member access to branches increase, Eli Lilly Federal Credit Union incorporates CU Centers Shared Branching Network to add convenience and service. For 78 years, Eli Lilly Federal Credit Union ($983 million; 47,517 members; Indianapolis, IN) [...]
CU Journal Best Practices entry by: Paul Simons, President/CEO (PSimons@creditunion1.org) We are big on shared branching. It promotes the cooperative nature of credit unions to our members, which certainly has a great appeal in today’s disdain for [...]