Branch network review for a credit union
34 listings
Branches, ATMs, competitors and proposed sites with deposits, transactions and lease dates across Ohio and western Pennsylvania. Sample data. Millrace and every bank shown are invented.
- Millrace Downtown Columbus
250 S High St, Columbus, OH 43215, USA
Keep · Annual transactions (thousands) 612
Only branch within a 10 minute drive of four state-office payrolls. Teller and kiosk transactions are up 9% on last year and the lease runs to 2030, so nothing to decide.
- Millrace Polaris
1500 Polaris Pkwy, Columbus, OH 43240, USA
Keep · Annual transactions (thousands) 398
Drive-up lanes carry 58% of transactions and the next Millrace branch is 13 miles south. Keep as the north Columbus anchor.
- Millrace Hilliard
3900 Main St, Hilliard, OH 43026, USA
Relocate · Annual transactions (thousands) 188
Lease ends March 2027 in a 1990s building with no drive-up. 58% of its members live within 10 minutes of the proposed Bridge Park site, so move there at a similar rent.
- Millrace Midtown Cleveland
1228 Euclid Ave, Cleveland, OH 44115, USA
Keep · Annual transactions (thousands) 330
Sits in the hospital corridor: three large employers within 1.5 miles and no other credit union branch within 2 miles. Business accounts are 31% of deposits.
- Millrace Parma
5555 Ridge Rd, Parma, OH 44129, USA
Close · Annual transactions (thousands) 121
4 miles from Middleburg Heights, and 94% of Parma members fall inside Middleburg's 10 minute drive. Transactions fell 14% in two years and the lease expires May 2027: closing saves about $520k a year.
- Millrace Middleburg Heights
7000 Pearl Rd, Middleburg Heights, OH 44130, USA
Keep · Annual transactions (thousands) 402
Four drive-up lanes and 70 parking spaces, enough to absorb Parma's roughly 3,100 members with one added teller shift.
- Millrace West Market Akron
2000 W Market St, Akron, OH 44313, USA
Close · Annual transactions (thousands) 144
2.4 miles from Fairlawn with a 91% drive-time overlap, and only 6% of its members live outside Fairlawn's 8 minute drive. Annual cost of $610k against $47M in deposits.
- Millrace Fairlawn
3265 W Market St, Fairlawn, OH 44333, USA
Keep · Annual transactions (thousands) 455
Newest build in the network, with room to take West Market's members without a layout change. Lease runs to 2032.
- Millrace Belden Village
4230 Belden Village St NW, Canton, OH 44718, USA
Keep · Annual transactions (thousands) 380
Busiest Saturday traffic in the Canton market, and the only drive-up lane open until 6 pm. The anchor if downtown converts.
- Millrace Downtown Canton
400 Market Ave N, Canton, OH 44702, USA
Convert to ATM · Annual transactions (thousands) 96
71% of transactions are ATM or drive-up and the counter sees about 40 visits a day. The lease ends February 2027: replace the branch with a 24 hour ATM and save roughly $430k a year.
- Millrace Federal Plaza Youngstown
Federal Plaza W, Youngstown, OH 44503
Convert to ATM · Annual transactions (thousands) 88
Counter traffic is down 38% since 2022 and Boardman is a 9 minute drive for 83% of members. Convert to an ATM kiosk when the lease ends in September 2027.
- Millrace Boardman
7401 Market St, Boardman, OH 44512, USA
Keep · Annual transactions (thousands) 351
The receiving branch for Youngstown members: 14 parking bays free at peak and the lease runs to 2031.
- Millrace Monroeville
2700 Mosside Blvd, Monroeville, PA 15146, USA
Relocate · Annual transactions (thousands) 276
Landlord is asking 22% more at the June 2027 renewal. Drive-up space on the same road is 30% cheaper and 88% of members are within 4 minutes of either site.
- Millrace North Hills
4800 McKnight Rd, Pittsburgh, PA 15237, USA
Keep · Annual transactions (thousands) 312
Holds 40% of the Pittsburgh deposits, with a 7 minute drive to the nearest rival. Lease through 2029.
- Millrace Erie Peach Street
5800 Peach St, Erie, PA 16509, USA
Keep · Annual transactions (thousands) 241
The only Millrace branch in Erie County; the next nearest is 95 miles away, so consolidation is not an option here.
- Millrace Franklin Park Toledo
5001 Monroe St, Toledo, OH 43623, USA
Keep · Annual transactions (thousands) 268
Draws from three suburbs and a hospital campus within 8 minutes. Holds steady while a rival across Monroe Street loses accounts.
- Millrace ATM, Hopkins Airport
5300 Riverside Dr, Cleveland, OH 44135, USA
Keep · Annual transactions (thousands) 74
Terminal ATM with the highest fee income per machine, mostly out-of-network travelers. Keep.
- Millrace ATM, Ohio Union
1739 N High St, Columbus, OH 43210, USA
Keep · Annual transactions (thousands) 118
Busiest machine in the network, with 40% of transactions from members under 25. Peak week is move-in in August.
- Millrace ATM, Youngstown State
1 University Plaza, Youngstown, OH 44555, USA
Keep · Annual transactions (thousands) 52
0.4 miles from the Federal Plaza branch, so it already covers cash needs once that branch converts.
- Millrace ATM, Toledo Zoo
2 Hippo Way, Toledo, OH 43609, USA
Close · Annual transactions (thousands) 9
9,000 transactions a year against $11k in servicing and lease. The Franklin Park branch ATM is 6 miles away. Remove at the April 2027 renewal.
- Ironbridge Savings Downtown
100 E Broad St, Columbus, OH 43215, USA
Closest rival to our downtown branch, 0.4 miles away. Deposits are 2.6 times ours, but it closes at 5 pm and has no Saturday hours.
- Lantern Trust Bank Dublin
6500 Emerald Pkwy, Dublin, OH 43016, USA
The only full-service competitor within about 2 miles of the proposed Bridge Park site. Drive-up only, no business banking desk.
- Ironbridge Savings Cleveland
1111 Superior Ave E, Cleveland, OH 44114, USA
Half a mile from our Midtown branch, but it serves downtown office tenants while ours serves the hospital corridor, so member overlap is low.
- Harborline National Bank Parma
5700 Pearl Rd, Parma, OH 44129, USA
Half a mile from our Parma branch. If Parma closes, this is where members who do not follow us to Middleburg Heights would go.
- Ironbridge Savings West Market
2300 W Market St, Akron, OH 44313, USA
Half a mile west of our West Market branch on the same road. Savings rates are 0.3 points lower than ours, so members are unlikely to switch.
- Summit Crossing Bank Canton
4500 Everhard Rd NW, Canton, OH 44718, USA
Largest rival in Canton, 0.3 miles from our Belden Village branch. Strong auto loan book.
- Redwater Bank Youngstown
26 W Federal St, Youngstown, OH 44503, USA
Two blocks from our Federal Plaza branch. It is closing its own counter in 2027, which would make our ATM the only 24 hour cash point on the block.
- Harborline National Bank Monroeville
4100 Northern Pike, Monroeville, PA 15146, USA
0.4 miles up Northern Pike from our Monroeville branch and heavily advertised in the 15146 zip. Members under 35 are its target.
- Lantern Trust Bank Erie
3900 Peach St, Erie, PA 16509, USA
Our largest competitor in Erie, 2 miles up Peach Street. Deposit growth has been flat for four years.
- Summit Crossing Bank Toledo
5100 Monroe St, Toledo, OH 43623, USA
Directly across from Franklin Park. Lost two of its three branches in the metro this year, which pushes members our way.
- Proposed: Bridge Park Dublin
6700 Longshore St, Dublin, OH 43017, USA
Destination for the Hilliard relocation: 3,400 sq ft ground floor with a drive-up lane. 2,900 of our members live within 10 minutes and the nearest rival, Lantern Trust, is 2 miles away.
- Proposed: Crocker Park Westlake
177 Market St, Westlake, OH 44145, USA
3,600 members live within 10 minutes of this lifestyle center, but our nearest branch is 16 minutes away. Candidate for a 2,200 sq ft branch with no vault.
- Proposed: Cranberry Township
20400 Rte 19, Cranberry Township, PA 16066, USA
4,200 members live within 10 minutes, and the nearest Millrace branch is 22 minutes south. Fastest growing zip code in the Pittsburgh footprint.
- Proposed: Levis Commons Perrysburg
3150 Levis Commons Blvd, Perrysburg, OH 43551, USA
2,400 members within 10 minutes and none have a branch closer than 17 minutes. Test with an ATM-plus-advisor pod before committing to a full branch.