Mergers Drive League Consolidations
By 2025, experts estimate there will be only 4,500 credit unions.
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.