The market for credit union mergers remains in the doldrums with few signs it will perk up soon, a leading merger consultant said Monday.
“After seven straight years of slowing consolidation numbers, we are definitely seeing a bottoming of the credit union merger market,” observed David Bartoo, head of Oregon-based Merger Solutions Group.
The trend, Bartoo said, underscores the reluctance of larger CUs to take on added balance sheet, equity or underwriting woes which may be tied to bad debts of the CUs being merged.
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