Even as it absorbs its lumps and lays off employees from the slump in home lending, the $419 million Air Academy Federal Credit Union of Colorado Springs, Colo., made clear last week it is on a mission to emphasize online and electronic tools.
As part of a new growth strategy, the Colorado CU said also it is convinced the retail branch will play a lesser role in its future.
The CU with 40,000 members already closed four branches in the last two years and expects to consolidate two more perhaps next year, bringing its total facility footprint down to seven in El Paso and Douglas counties. The CU once had 13 northern Colorado offices. Its most recent closure was in August at Sand Creek.
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