A lack of meaningful mergers and acquisitions in the credit union sector could have serious consequences, experts say.
Credit unions across the country announce multiple consolidations throughout the summer months.
Kansas Corporate is the surviving institution, but will announce a new name soon.
Mergers are at a three-year low, but some consultants say competition will force more large cooperatives to merge.
A 37% decline in the numbers of both credit unions and banks indicates that too much regulation may be taking its toll.
Largest consolidation announcement comes from Visterra Credit Union and Altura Credit Union in California.
The right merger or acquisition can help a credit union adapt to changes and continue growing noninterest income.
Read about old and new ways to boost your noninterest income, regardless of your asset size.
The NCUA approves 19 mergers in December. At this rate, only 5,400 credit unions will remain in 2018.
Kaufman & Canoles lawyers highlight which areas will undergo significant changes this year.