The results of the latest Credit Union Times online voting poll showed that in a time where consolidation and mergers between large healthy credit unions are becoming more popular there is a divide in the community as to whether or not these mergers are good for the industry.
Credit Union Times asked readers the question, "Are mergers between large, healthy credit unions good for the industry?" The poll gathered 278 votes and showed a close response between those who felt the mergers are good and those who felt that mega-mergers are not good for the industry.
The poll showed that 45% of readers feel that mergers between large, healthy credit unions are good for the industry. On the other side, 39% of readers responded that mergers between large, healthy credit unions are not good for the industry. Sixteen percent of readers responded that they weren't sure.
What Are You Doing to Grow Membership?
Stale membership growth has been a popular topic as credit unions try and figure out ways to reach out to new potential members and to hang onto existing members.
Just last week at CUNA's America's Credit Union Conference and Expo, CUNA's membership growth task force presented the results of its findings on ways to expand and areas that credit unions can look for growth.
In its current online voting poll Credit Union Times is asking readers how they are looking to grow membership.
-In terms of growing membership, is your credit union:
-Focusing on wooing new members
-Considering a field of membership expansion
-Building existing relationships with members