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Credit Unions open new branches all the time.
No one said they didn't. I said it would be stupid to open additional branches to serve an area where you didn't have a reasonable concentration of existing clients. Aka, no CU is going to open up a branch where it has no clients.
Unintended conseuquences. The CU's realize how the Durbin Ammendment will affect them, which is why 92% of CU's that offer debit cards say they will start charging fees.
CUs are exempted from the Durbin Amendment for the vast majority. Very few CUs break $10 billion.
Perspectives on the Durbin Amendment: Prof. Todd Zywicki
Furthermore, that's actually not what they said:
The Durbin Amendment and the truth behind debit card fees - Mywesttexas.com: Columnists
"According to the Credit Union National Association's 2010-2011 Fee Survey, 91 percent of credit unions offering debit cards anticipate making some sort of change to their rates, fees and/or services as a result of the negative impact of the regulation."
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