This year, six state credit union leagues formed new partnerships, launching a new chapter of industry collaboration, competition and survival.

In late October, the CEOs of the League of Southeastern Credit Unions and the New York Credit Union Association signed a letter of intent that they say will create the nation's largest league collaboration project. And in January, the Ontario, Calif.-based Plexcity, a collaborative organization formed by the California, Nevada, New Jersey, Maryland and District of Columbia state associations, launched its operations.

These two entities will inevitably compete to attract the remaining 33 state leagues. More importantly, however, is whether these collaborations will enable the trade associations to survive the unrelenting credit union industry trends of mergers, dwindling membership dues and other revenue sources.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.