The need for additional economies of scale as the result of thedownturn and credit squeeze, not NCUSIF assessments, may drive moremerger activity this year.
That's according to CUNA Mutual Group's just-released TrendsReport. At the end of February there were 8,021 CUs, as estimatedby CUNA Economics and Statistics. Through the first two months of2009, the net decline in CUs was 67 institutions.
Over the past year, the CU count decreased by 322 institutions,which is in line with CUNA Mutual's early 2009 forecast of 350CUs.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
