latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/net-30-credit-union-branches-opened-across-us-in-q2-52834607 content esgSubNav
In This List

Net 30 credit union branches opened across US in Q2

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade


Net 30 credit union branches opened across US in Q2

U.S. credit unions opened 83 new branches and closed 53 in the second quarter, according S&P Global Market Intelligence data. There were 21,337 actively operating credit union branches as of June 30.

Three California-based credit unions opened two new branches each — Eureka-based Compass Community CU, Oceanside-based Frontwave CU and Santa Ana-based SchoolsFirst FCU. Biloxi, Miss.-based Keesler FCU and Jacksonville, Fla.-based VyStar CU also each opened two branches. Meanwhile, Navy FCU, the nation's largest credit union, has seen no branch activity in 2019 after opening 15 branches and closing seven in 2018.

SNL Image

Lenexa, Kan.-based CommunityAmerica CU and Gardena, Calif.-based Pacific Transportation FCU both closed two branches in the second quarter.

Michigan continued to lead for the net number of credit union branch openings, with seven in the second quarter and six in the first. In the second quarter, the seven branch openings were conducted by seven different credit unions. North Carolina and Wisconsin each saw three net openings, while New Jersey had three net closures and Ohio and Utah both closed two.

SNL Image

SNL Image

SNL Image

Click here to set up real-time alerts for data-driven articles on the U.S. financial sector.

Click here for a refreshable template containing data on credit union branch openings and closings.