You know the numbers. More credit unions are merging now and - crucially - more big credit unions are merging. I give you the marriage of $2,7 billion Capital Communications with $5.5 billion State Employees in Albany NY.
That takes your breath away.
But Peter Duffy, managing director at Piper Sandler, says in this podcast that - to paraphrase - you ain't seen nothing yet.
Size now is table stakes for survival in financial services.
Where once $100 million in assets was thought to be the scale needed for a credit union to survive, think much bigger now.
Duffy - a past guest on the podcast back in 2020 - shares his view from the field of what is happening in regard to mergers and credit unions and what to expect in a near-term future.
One takeaway: think merger and your institution. Because it just may be coming your way.
Listen up.
Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com
And like this podcast on whatever service you use to stream it. That matters.
Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto
You know the numbers. More credit unions are merging now and - crucially - more big credit unions are merging. I give you the marriage of $2,7 billion Capital Communications with $5.5 billion State Employees in Albany NY.
That takes your breath away.
But Peter Duffy, managing director at Piper Sandler, says in this podcast that - to paraphrase - you ain't seen nothing yet.
Size now is table stakes for survival in financial services.
Where once $100 million in assets was thought to be the scale needed for a credit union to survive, think much bigger now.
Duffy - a past guest on the podcast back in 2020 - shares his view from the field of what is happening in regard to mergers and credit unions and what to expect in a near-term future.
One takeaway: think merger and your institution. Because it just may be coming your way.
Listen up.
Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com
And like this podcast on whatever service you use to stream it. That matters.
Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto