The current recession and changes in the regulatory climate continue to have a profound impact on the credit union trend toward mergers, a new Filene Research Institute study issued today concluded.

Andy Poprawa, president/CEO of the Deposit Insurance Corporation of Toronto, said sustainability of the credit union business model is a global issue.

Rudy Pereira, senior vice president of operations and technology for $6.3 billion Alliant Credit Union in Chicago, will serve another term as chair of the CUNA Technology Council.

The $251 million Granite Federal Credit Union of Salt Lake City has completed a merger of $20 million Salt Lake Schools Credit Union. Granite also named its new president/CEO.