By most accounts, 2010 should have been a barn burner in the number of credit union mergers, based on rising assessments, the corporate crisis and a bad economy hitting a large part of the country.
The industry's financial health slipped in the third quarter based on "HealthScores" calculated by a North Carolina firm, Glatt Consulting LLC of Wilmington.
The handful of financial consulting firms that track national and individual credit union data is getting some competition
Stressing that "not all credit unions are suffering," a group of Los Angeles CUs did media damage control after an article in a local business journal highlighted poor credit union performance.
The planned merger by Navy Federal Credit Union of the long-troubled $604 million USA Federal CU is emblematic of a sharply escalating trend which could see another 2,500 mergers by 2015, Dennis Dollar forecast Monday.
Credit union consulting firm Glatt Consulting LLC has unveiled a new app for iPhone and Droid smart phones.
Find out how our readers ranked the top 10 stories of 2010.
A North Carolina firm, Glatt Consulting LLC, which tracks financial data, announced Friday it will begin publishing its industry "HealthScores" and one key finding is a noteworthy second quarter drop in overall CU conditions.