Corporate Credit Unions Continue to Decline

It's no surprise to anyone following corporate credit unions that there are fewer of them every year.

By Staff Writer | June 26, 2007 at 08:00 PM

SHREWSBURY, N.J. — It's no surprise to anyone following corporate credit unions that there are fewer of them every year.

The trend isn't slowing. There are currently four mergers in play: WesCorp/VolCorp, WesCorp/SunCorp, Southwest/Northwest and Members United/Central CU Fund. The number of corporates has dropped from 42 in 1990 to 29 today, with the potential for four more to be merged away if those deals go through.

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