SCHENECTADY, N.Y. — There are two pressing issues confronting volunteers these days–how to deal with large-scale credit union mergers and the prospect of CUs being acquired by expansion-minded banks.
That's the view of two top CU chairmen involved in leadership of the National Association of Credit Union Chairmen slated to hold its annual conference Oct. 17-19 in Williamsburg, Va.
"The phenomenon of big credit unions merging with other large credit unions is something fairly new to all of us," observed Chuck Smith, the chairman of NACUC and of the $191 million First New York Federal Credit Union of Schenectady.
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