![]() “That translates to about one financial institution for every 28,000 people in the U.S. “There are approximately 11,500 independent banks and credit unions operating in the U.S.,” the strategic plan explains. In its strategic plan, the credit union took a detailed look at Missoula’s increasingly competitive market for financial institutions. “As we’ve grown to reach more communities outside Missoula, we’ve had to ask ourselves whether the name Missoula Federal Credit Union, a name that has served us well for 63 years, will continue to serve us in these different communities,” Lawson said in Wednesday’s announcement. With the new strategic plan in hand, the credit union gained approval to serve four additional counties in 2018: Beaverhead, Deer Lodge, Granite and Silver Bow.Īs of 2019, Missoula Federal has more than 50,000 members and manages more than $500 million in assets. MFCU opened its first branch outside Missoula in 2006 – in Stevensville. That move actually began in 2002, when the credit union’s charter was expanded to service “anyone who lives, works, worships, attends school, volunteers in, or participates in membership-based organizations headquartered in Missoula, Ravalli and Lake counties.” ![]() Rather than pursue mergers with either smaller or larger credit unions, though, the strategic plan called for Missoula Federal to adopt a “values-based approach” to member recruitment – and to look across a wider geographic area. Larger banks and credit unions are becoming larger still.” “Small banks and credit unions are merging into larger banks and credit unions. “Yet the industry as a whole is moving rapidly toward larger scale in order to take advantage of the benefits that size brings to financial services providers. “MFCU is a mid-sized credit union,” the strategic plan explains. The name change reflects a larger move by Missoula Federal to grow its membership by expanding beyond Missoula County, as dictated by the five-year strategic plan adopted by the credit union’s Board of Directors in March 2017. A name that highlights to our dedication to being transparent and reminds us of everything banking can be.” WANT PROPERTY DATA? API or bulk file delivery available for businesses interested in the commercial use of property data - Learn More.“A name that reflects our local roots as well as our commitment to being a force for good. If the "verified." The data on this page may not be harvested, scraped or used for anything other than viewing on the Connected Investors domain. Estimated property values are: (i) based on available data (ii) are not guaranteed or warranted (iii) do not constitute an appraisal and (iv) should not be relied upon in lieu of an appraisal.Ĭonnected Investors does not represent or warrant that the information is complete or free from error, and expressly disclaims any liability to any person or entity for loss or damage caused by errors or omissions in the report. ![]() ![]() This information: (i) is not an insured product or service or an abstract, legal opinion or a representation of the condition of title to real property, and (ii) is issued exclusively for the benefit of First American & Connected Investors customers and may not be used or relied upon by any other person. ![]()
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