SPOKANE, Wash.--STCU opened its 50th branch location on October 8.
The achievement comes as many financial institutions are closing branches, particularly in rural communities and underserved neighborhoods. So far this decade, banks nationwide have closed more than 7,000 branch locations. In that same period, STCU has more than doubled its branch network, the CU said.
Every day, tens of thousands of STCU members access their accounts through online banking and the STCU Mobile App. Still, “visiting a branch is fundamental to the member experience, and key to our culture and success,” said STCU President and CEO Lindsey Myhre.
“We love meeting our members in person!” Myhre added.
For its first 30 years, STCU had no home of its own. Instead, from 1934-1964, it operated from a second-floor classroom in Spokane’s Lewis & Clark High School. Twenty-three years later, STCU opened its second branch. And even when Myhre started her career in 2000, the credit union had only six branches – all but one in Spokane County.