Readers Divided on Mega-Mergers

The results of the latest Credit Union Times online voting poll showed that in a time where consolidation and mergers between large healthy credit unions are becoming more popular there is a divide in the community as to whether or not these mergers are good for the industry.Credit Union Times asked readers the question, “Are mergers between large, healthy credit unions good for the industry?” The poll gathered 278 votes and showed a close response between those who felt the mergers are good and those who felt that mega-mergers are not good for the industry.The poll showed that 45% of readers feel that mergers between large, healthy credit unions are good for the industry. On the other side, 39% of readers responded that mergers between large, healthy credit unions are not good for the industry. Sixteen percent of readers responded that they weren’t sure.