Since January 2008, there has been a credit union merger every 1.5 days and beginning in 2013, this rate has increased to one every 1.3 days.

While on the surface these numbers might indicate a strengthening of the industry, the fact is most of these mergers are generally the result of failed or failing credit unions of less than $25 million in total assets and the completed mergers did little to significantly increase or strengthen the industry as a whole.

Since the fiscal crisis and subsequent bank failures beginning with the recession of 2007, credit unions have done an extremely good job of building a stronger membership base and increasing deposits as more people have moved away from other financial institutions. However, if credit unions are going to continue being competitive, they will have to face the challenge of other financial institutions trying to take their market share back. The immediate growth that comes from the merger of two already strong credit unions is one way to make this happen.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.