Welcome to the CU 2.0 Podcast Greatest Hits Show, episode the second.
This show is with Peter Duffy on credit union - credit union mergers, show #274. Consider it a bookend with the first Great Hits show with Michael Bell on credit union - bank mergers.
The reality is that mergers just are in the 2024 air as more credit unions face up to the reality that they need to bulk up to compete.
Meantime, other credit unions are struggling in today’s tougher banking environment where it’s just harder to prosper as loan defaults multiply, new loans are hard to issue, and some fee income (NSF charges for instance) is under attack. Merger just may be an escape route for a struggling credit union.
In this show Duffy tells what he tells credit union board members at retreats. It’s straight talk.
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