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Expert Opinion

Strong Foundation Built for More Credit Union-Bank Deals in 2021

Favorable industry conditions, a well-traveled regulatory path and proven member focus will give CUs an advantage in the space.

By Justin Gingerich | November 11, 2020 at 09:00 AM
chess pieces coming together to form one consolidated piece Source: Shutterstock.

The first acquisition of a bank by a credit union occurred back in 2012. Since then, the market has seen a wide range of acquisitions made by credit unions – from FDIC-insured banks to OCC-regulated banks to converted mutuals. The trend of both state- and federally-chartered credit unions buying banks has grown in number and scale.

In looking at the last eight years of activity, trends have formed answering the all-important questions of why credit unions look to buy banks:

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