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The plight and protection of small U.S. credit unions came in for new scrutiny last week following a controversial think tank study by Celent, the Boston research firm, finding that CUs under $50 million are fast disappearing under the weight of tech products, competition, compliance and their own “inefficiencies.”

The Celent report, issued as part of the consulting firm’s new attention on CU operations, quickly drew criticism as “flawed” in a blast from CUNA economists arguing the Celent data overlooked positive key data on structure and performance, simply magnifying industry “myths” on how CUs function in their not-for-profit role.

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