Credit Union Resources, Inc. Economic Soundness
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Economic Soundness
  • 2002 CUNA research shows that the average member lives within a 5.1 mile radius of his/her preferred financial institution (bank or CU) branch
  • Not even the largest CU can afford to put up the brick and mortar necessary to fill the demand
  • Sharing branches allows CUs to offer significantly greater convenience and grow without building branches
  • CUs that open their branches to other credit unions earn income and maximize their existing brick and mortar