The planned October merger by Navy Federal Credit Union of the ailing USA Fed CU last week generated both catch-your-breath predictions on the nation's future CU landscape plus stand- your-ground pledges by one West Coast competitor.
Issuing the trends forecast of 2,500 U.S. mergers by 2015 was consultant and former NCUA Chairman Dennis Dollar who said the survivor CUs will be stronger and better positioned to compete.
The interest in mergers, nonetheless, has been robust of late, he said, with Dollar Associates "currently working on over a dozen mergers with phone call volume over 80% merger related."
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