SHREWSBURY, N.J. — Credit unions are consolidating rapidly, but is it good or bad for the industry as a whole?
According to the results of Credit Union Times' just expired online voting poll, consolidation is healthy.
Fifty-two percent of voters said consolidation is good for credit unions.
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The consolidation hasn't just occurred on the natural person credit union side. Corporates, vendors and even leagues have experienced considerable consolidation. The results of the voting poll question are as follows:
Is consolidation good for the credit union industry?
- Yes 52.8%
- No 33%
- Not Sure 14.1%
Total votes: 588
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