Mergers Drive League Consolidations
By 2025, experts estimate there will be only 4,500 credit unions.
CEOs at the nation’s 40 state leagues are working to reposition their organizations for this future credit union landscape. As small credit unions continue to merge into larger ones, many of the surviving cooperatives are expected to expand not only in their home states but across state lines and will need leagues to support their operational and political needs.
The Cornerstone league merger, for example, included two small leagues. The Credit Union Association of Oklahoma was serving 70 credit unions and the Arkansas Credit Union League was serving 62 when decided to merge with the Texas Credit Union League, which by comparison had 518 members.
Credit union leaders in Arkansas and Oklahoma said mounting financial pressures of rising costs and the demands for more products and services drove their decision to approve the merger.