The so-called cleansing theory – that there are too many underperforming or heavily capitalized small or midsize credit unions that need to be merged by larger brethren – is coming in for fresh debate this summer.
The latest round of discussion comes from CEOs, consultants and others who warn that for the industry's future growth and survival, the merger pace needs to be stepped up in the coming months.
Still, there are some who disagree, saying that many small credit unions are doing just fine and there is no need to rock the boat with or without any form of NCUA interference in the marketplace.
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