Credit unions looking for fintech partners during M&As. Credit unions looking for fintech partners during M&As. (Source: Shutterstock)

Most credit unions pursuing mergers and acquisitions do not want to merge with other credit unions. Instead, they seek partnerships with banks and fintech organizations to improve technology and growth potential.

Those are some key findings from West Monroe Partners’ “The State of Credit Union M&A,” a white paper from the Chicago-based management and technology consulting firm that found credit unions engulfed by an unstable industry with a consolidation appetite, tightening regulations and digital transformation.

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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