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In-school branches expand to six more states reports CUNA
MADISON, Wis. (1/5/10)--Last year saw the expansion of credit union branches in schools to six more states, bringing the total to 39 states and the District of Columbia, announced the Credit Union National Association (CUNA). As of Thursday, 232 credit unions nationwide maintained branch offices in 824 schools, CUNA said. These numbers reflect increases from 2008 of 14% (for states), 7% (for credit unions), and 10% (branches). “Legislators take notice when we present numbers like these,” said CUNA President/CEO Dan Mica. “We talk about the credit union difference all the time, but in-school branches are one way to show that we’re not merely bragging. They’re proof of a real difference--that credit unions go to extraordinary lengths to prepare youth to be productive adults who will contribute significantly to the U.S. economy in the 21st century.” Mica noted that these numbers are self-reported from participating credit unions and leagues, and therefore likely to be understated. He urged credit unions everywhere--especially in the 11 states with no reported in-school branches--to report this activity and update their records at least annually, using CUNA’s online report form (see resource link). Here’s how the in-school branches break down by venue for 2009:
* Elementary school, 344 branches; * Middle school, 92; * High school, 348; and * Otherr (K-12 school, youth center, college, special needs) , 40.
The top states for in-school branches are:
* Michigan, with 341 branches; * Wisconsin, 86; * Virginia, 69; * Texas, 48; and * New York, 33
The top credit unions for in-school branches are:
* CP FCU, Jackson, Mich., with 48 branches; * Apple FCU, Fairfax, Va., 34; * Community Financial FCU, Plymouth, Mich., 30; * Education First CU, Southgate, Mich., 28; and * Extra CU, Warren, Mich., 22.
For a full state-by-state in-school branch summary, visit cunapfi.org and look under the Research & Policy heading.
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