American Banker (Sept. 24, 2020) - With the COVID-19 pandemic ushering in a new era of stay-at-home orders, masking up and social distancing, the question for credit unions remains: what does the future hold for branches?
How to rationalize branches – and when or if to close them – are huge decisions to make. Even with reduced foot traffic, members will be impacted when a credit union goes from, say, three branches to two. But with members shifting from in-branch to digital transactions, many branches can no longer be financially justified. All of which can leave many members – and often a credit union’s longest-standing and most loyal members – without the live branch experience they still expect and often need. In celebration of International Credit Union Day on Thursday, October 15, the Worldwide Foundation for Credit Unions (WF) and the National Credit Union Foundation (the Foundation) are spearheading an initiative for credit unions to share their impact and make an impact through giving.
WF and the Foundation are encouraging credit unions and organizations in the movement to post a short video (approximately 30-60 seconds) sharing how you’ve advanced the lives of members, employees or communities during the economic uncertainty wrought by the coronavirus pandemic. |
The PulseThe Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information. Archives
May 2024
Categories
All
|