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Why are credit unions opening new branches in the middle of a pandemic? After all, health officials have warned the coronavirus may get worse – much worse – in the fall and winter months, which may lead to new stay-at-home orders and force credit unions to close their lobbies again.
What's more, the huge costs of opening, staffing and maintaining new branches despite COVID-19's many economic uncertainties and expected long-lasting effects may place a greater burden on any credit union's financials as more members choose digital banking options over branch visits.
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