The prospect of more credit union mergers could generate more new business for consultants this year and is already flooding consultants with inquiries.
That was the word this week from two firms, Dollar Associates of Birmingham, Ala. and D. Hilton Associates of The Woodlands, Texas, which reported a record number of phone calls and e-mails from CEOs and board members seeking advice on partnering deals.
"When you consider the economic downturn, the challenging real estate market, the corporate losses and balance sheet income, there's little doubt the number of credit union mergers will accelerate over the next year," forecast Dennis Dollar, the former NCUA chairman and head of Dollar Associates.
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