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Analysis

Leveraging Consolidation for the Future

Leveraging combined capital and other resources should open product and service opportunities to help credit unions compete.

merger consolidation Source: Shutterstock.

For the CEOs of the Pennsylvania Credit Union Association and the New Jersey Credit Union League, the decision to merge the two organizations was driven by the next step in their evolution, leveraging the trade groups’ combined capital and other resources to help credit unions successfully compete well into the future.

Last month, the PCUA and NJCUL announced the proposed consolidation that was expected and required to be approved by two-thirds of the member credit unions from both states. The results of the vote were not available before CU Times’ press time.

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Peter Strozniak

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