Merger and acquisition business strategy.

In 2018, the long-term trend of credit union consolidation continued; still, cooperatives saw strong financial growth as membership expanded to record levels.

The credit union industry underwent 194 mergers over the calendar year, bringing the institution count at year-end to 5,492. Ten years ago, 7,697 institutions operated throughout the U.S. and despite 2,205 less credit unions in 2018, membership has soared 31%. In the midst of financial crisis and the aftermath of the Great Recession, American consumers turned to member-owned financial cooperatives in record numbers for their not-for-profit, member-focused business model.

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