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Letter to the Editor There are alternatives to CUs following banks’ M&A playbook – viable ones to retain CUs’ independence, relevance and member relationships. Source: Shutterstock There seems to be an almost inevitable acceptance that the smaller guys, facing the headwinds of a changing industry and the crippling strains it places on them, will have to contemplate throwing in the towel and marrying up.
Source: Shutterstock The number of credit unions continues to decline, but we can strategically leverage our collaborative spirit to not only survive but thrive moving forward. Let’s level set. By the end of 2015, there were 6,021 federally-insured credit unions. As of June 2021, that number shrank to just 5,029, according to NCUA data.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
