Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Oklahoma CUs new branches planned before economy sank
TULSA, Okla. (2/25/09)--Three Tulsa, Okla.-based credit unions have recently opened new branches, which were planned a year-and-a-half to two years ago, but now expansion should slow as the economy has slowed down, according to a local newspaper. The $740 million asset Tulsa Teachers CU opened its 11th branch last month; the $423 million asset Tulsa Federal Employees CU opened a branch last month and expects to start construction on another later this year; and the $89.3 million asset Western Sun FCU plans a fourth location and hopes to absorb another credit union and turn it into a branch in April (The Journal Record Feb. 24). The credit unions’ efforts--during a time when many businesses have cut back or closed--represent positive growth steps and statements of continued faith in their business plans, the newspaper said. Tulsa Teachers CU’s new 3,000-square-foot Claremont, Okla., branch is in a rented space costing $367,000. The credit union has changed the way it intends to continue to grow branches, Kristi Brook Cohea, vice president of marketing and member relations, told the paper. Tulsa Teachers aims to run “very mean and lean,” operating with as small of a staff as possible. It will determine whether it would be better to occupy vacant buildings in the area instead of building new spaces, she added.
Other Resources

RSS





print
News Now LiveWire
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
10 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
11 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
13 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
14 hours ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
14 hours ago