Credit Union Journal General News
Updated: 12 min 55 sec ago
There's been a lot of talk about futuristic branches. Here's how two CUs have already implemented their own strategies to take their networks to the next generation.
CO-OP Shared Branch has overtaken Bank of America in number of branches, and now is the third-largest network of financial institution branches in the United States, according to data drawn from the FDIC.
ATM management company Dolphin Debit has placed large, drive-up ATMs at Murphy USA fuel stations, adjacent to Walmart stores, for credit unions in Mississippi and Texas.
The number of branches at credit unions and banks has been surging for decades and presents some challenging problems for financial institutions as they face an ever-increasingly competitive landscape in the future.