For the $180 million Gateway Metro Federal Credit Union of St. Louis, the path to reaching the youth market leads to more mergers of small, faith-based CUs, its president/CEO, David Barton, said last week.
"We are negotiating now with a couple more that have approached us," said Barton, whose comments came as the St. Louis CU completed the consolidation of the struggling $400,000 Holy Infant CU.
The Holy Infant merger marks the fourth parish CU takeover for Gateway Metro, which finds the ability to establish student-assistged branches in church schools an attractive benefit in offering financial education services to both young people and adults.
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