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Bigger than the biggest banks?
August 12, 2016
The biggest banks often tout how convenient they are.. being able to bank anywhere in the country- with ATMs and branches on every corner. With expensive and numerous fees, that is their competitive edge... right?
So how do the big banks compare towards their competition? Well compared to local, community, and regional banks, their network is indeed a good selling point but when it comes to Central Sunbelt and other credit unions they fall short.
Let’s take a look:
Bank of America: 16,220
Wells Fargo: 12,200
Central Sunbelt: Over 55,000
When it comes to branch locations, with shared branching we’re right up with the top 3 banks in the country with over 5500 shared branches to access. Unlike a bank, Central Sunbelt is owned by its members and instead of reaping the profits from ATM fees, our members choose MORE FREE locations.