Tech-Savvy Young Americans Still Like Branches
An August 5, 2019 article in bankrate.com, written by Mary Wisienski, reports that young Americans still like branches to transact income-generating banking business like loan applications, mortgages, etc.
Financial institutions may need to reconsider cutting back on their brick and mortar branches if they wish to maintain a competitive edge with consumers.
TCT Risk Solutions provides client credit unions many services to help determine the profitability of individual services and capital investments. One such service that helps board members and management keep an eye on profitability is its Vital Signs monthly report.