SNL Financial report says lack of strategic thinking keeps most mergers among small credit unions who have no choice.
Consumers are increasingly tapping their smartphones and tablets to manage their money, a trend that may push personal financial management tools into the mainstream and open new opportunities for credit unions to help their members in real time.
Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.
Opinions from leaders at GAC.
Do the math. Look to your right. Look to your left. One in three credit unions will vanish by 2025. Find out more in this week's preview from next week's print edition.
Henry Wirz remains as CEO at Sacramento credit union.
After the Berlin Wall came down, Congress decided to cash in the peace dividend and began closing military bases. One of the bases that closed was our primary sponsor, McClellan Air Force Base. We decided to convert to a community field of membership
California credit union CEO questions NCUA's ability to examine fairly, calls for Congress to give credit unions an independent insurer.
NCUA comment period closed Monday on proposed threshold to be defined as small credit union.
My credit union lost $23 million when WesCorp failed so I can say I have 23 million reasons to want CAMEL ratings disclosed.