Recent announcements include seven more from Maine to New Mexico.
The credit union added 34 more branches in the first quarter and has announced plans to add at least seven more this year, according to NCUA data.
The NCUA revealed that as of March 31, the country’s 4,808 credit unions had 21,782 branches or headquarters. That’s still 233 fewer stores than in December 2019, but a net increase of 126 stores over the past 12 months, including 34 stores added since December 31.
All increases are from the South and West census areas. The South had a net increase of 22 locations in the first quarter, while the West added 18 locations. There were six decreases in the Northeast, but no net change in the Midwest.
But four of the seven recently announced are in the Northeast, including the Affinity Federal Credit Union of Basking Ridge, New Jersey ($4.6 billion in assets, 231,589 members). and held a grand opening ceremony for its new branch in Madison, N.J., on Tuesday. , New York, located 16 miles east of Basking Ridge and 47 miles west of Times Square.
Sean Rubitz, Vice President of Retail and Digital Branches, said Affinity was drawn to the culture and community make-up of the area, which includes Drew University and Fairleigh Dickinson University’s Florham campus. In total, more than 5,000 students are being educated.
“Madison boasts a vibrant local economy and a dynamic community that includes families, young professionals, and college students,” Lubitz said.
According to NCUA data, Affinity had 23 locations as of March 31, an increase of one from the previous year.
The seven credit unions that recently announced branch offices have 84 locations as of March 31, adding six locations in the last 12 months, including three in the first quarter. Besides Affinity, the other six are:
- AEA Federal Credit Union The Yuma, Arizona Credit Union, which has $374.2 million in assets and 32,726 members, cut the ribbon on Thursday for its new branch in San Luis, New Mexico. The 3,995-square-foot facility will be the fourth credit union branch in Yuma County. As of March 31, the credit union had three locations, unchanged from the previous year, according to NCUA data.
- Nusenda Federal Credit Union The Albuquerque, New Mexico branch, which has $4.1 billion in assets and 256,202 members, announced Wednesday that it will grand opening its third branch in Santa Fe, New Mexico on June 24. The branch had 22 stores as of March 31, according to NCUA data. One more than a year ago.
- First Capital Federal Credit Union The York, Pennsylvania branch ($311 million in assets, 20,551 members) Wednesday opened a new branch in East Manchester Township, Pennsylvania, nine miles north of York in southeastern Pennsylvania. announced that it has started The new branch is scheduled to open this fall. As of March 31, it had four locations, unchanged from the previous year, according to NCUA data.
- Ardent Federal Credit Union The Philadelphia branch ($846.4 million in assets and 34,806 members) announced Monday that it will open a new 2,600-square-foot branch in Havertown, Pennsylvania, 11 miles west of Philadelphia. As of March 31, it had eight locations, with three added in the last 12 months, according to NCUA data.
- SAFE Federal Credit Union A branch in Sumter, South Carolina, 45 miles east of Columbia ($1.7 billion in assets, 136,338 members) began construction of a new branch in Irmo, South Carolina, 19 miles northeast of Columbia on June 7. announced. The new 2,800-square-foot branch is scheduled to open in late 2023. It had 20 stores as of March 31, unchanged from a year earlier, according to NCUA data.
- maine credit union A subsidiary of Augusta ($601 million in assets and 33,982 members) opened a new branch on May 30 in Rockland, Maine, 43 miles east of Augusta on the Atlantic coast. As of March 31, it had four locations, one more than a year ago, according to NCUA data.
President and CEO Stephen Wallace said the University of Maine has many members in the Rockland area.
“A lot of people are coming to Augusta right now to meet us in person,” Wallace said. “The Rockland branch makes it easier for them to bank and get help with other financial needs such as budgeting, saving for their next project or applying for a loan. increase.”
