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.
The Alexandria, Va.-based credit union brings in $963M last year to boost assets to $17.8B.
As November comes to an end, a dozen merger deals were announced or completed in 12 states.
Several credit unions plan to finalize their consolidation plans this quarter and early next year.
Collaborations can help credit unions, regardless of asset sizes, keep up with rapid industry changes.