Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Recently changing regulations and unfavorable market conditions have cast a shadow over the credit union industry. Lost fee income and rising interest rates have dampened expectations of growth for 2014, driving many credit unions toward starting CUSOs to earn noninterest income. Some have turned to consolidation to cut costs. According to CUNA Mutual Group, the industry lost 272 institutions in 2013 and consolidation will continue in 2014. The credit union industry is not alone in this trend. Sixty-seven percent of midmarket executives anticipate more consolidation in 2014, according to findings from a Capstone survey.

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 TreasuryandRisk.com and Law.com.

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

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.